After +7.5% gain on news about shares repurchases programm, all banks stocks has rocked.
Many funds has been started buying stock at first trading hourse, beated long time hights of volume.
Past 3 hours the volume is decreasing each hour, I prefer to think, that big money will form thier possitions at 250$-255$ range. My goal is take 10$ or 3.5% of short positions. I convince that nobody can take price at 260$ for long time and after little down S&P500 movements stock will too decrease to level of support 250$ where fund creating thier positions.
Many funds has been started buying stock at first trading hourse, beated long time hights of volume.
Past 3 hours the volume is decreasing each hour, I prefer to think, that big money will form thier possitions at 250$-255$ range. My goal is take 10$ or 3.5% of short positions. I convince that nobody can take price at 260$ for long time and after little down S&P500 movements stock will too decrease to level of support 250$ where fund creating thier positions.
Trade closed: target reached
Close target is 250$ take profit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.