NYCB Community Bank falls to support and rises LONG
Updated
On the 15 minute chart the price action reflects the rough time that NYCB has had. Apparently it had a good rally to finish the week due to reports of floods of new deposits . Down the road
it may be a problem if premium interest is being paid on the deposits. In the meanwhile, I
see NYCB as taking back half of the trend down and floating up gradually into the range of 7
or about 60% upside. This will be a volatile and risky trade but with good upside. I will set a
8% or ATR x 2 stop loss yielding a Reward to risk of about 7.
it may be a problem if premium interest is being paid on the deposits. In the meanwhile, I
see NYCB as taking back half of the trend down and floating up gradually into the range of 7
or about 60% upside. This will be a volatile and risky trade but with good upside. I will set a
8% or ATR x 2 stop loss yielding a Reward to risk of about 7.
Trade active
Sideways today- too much ( way to much) action elsewhere for traders to pay attention today. KRE call options doing well BANK an index of the NASDAQ tracksthe banking sector
Trade closed: stop reached
Trade active
NYCB is getting some trader attention so the trade is now reentered 
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