ETFC Topped in 2018Weekly view shows a downtrend until the end of 2018, then the stock moved sideways in a trend that is not a bottom. Supported by a weak intermediate support level. Could break to the downside with High Frequency Trader action.
ETFC
ETRADE BANKRUPTCY.? ILLEGALLY PLAYING WITH MARGIN ACCOUNTSWe just heard a rumor today that supposedly came from an eTrade Employee / High Ranking Executive that the company has started deceptively and unlawfully manipulating trading accounts due to extreme losses within thousands of eTrade accounts.
What we heard...
AFTER A STOCK IS PURCHASED ON MARGIN, with a 25% Margin Requirement, days, if not weeks later, the account holder will receive an email thats says... "SPECIAL MARGIN MAINTENANCE REQUIREMENT CHANGE"
Within that email, eTrade bumps up the margin requirement on your trade from 25% to 45% and in many cases, we were told much higher.
After the account holder meets the so called fraudulent margin requirement, and then sells the stock...
eTrade then sends the account holder another email that says..."SPECIAL MARGIN MAINTENANCE REQUIREMENT CHANGE" and lowers the Margin Rate back to 25% - AFTER THE STOCK HAS BEEN SOLD BY THE ACCOUNT HOLDER
The SEC and DOJ needs to investigate eTrade, its Deceptive Business Practices, its Fraudulent Accounting Methods and its Books.
If you have an eTrade account, we suggest closing your eTrade account and transferring out to maybe Fidelity, Schwab or InteractiveBrokers.
Also, judging by the eTrade weekly chart, the stock looks ready to crash!
The stock is trading under the cloud and every indicator is negative.
Support might be somewhere around $30 but if it keeps sinking, and breaks down below $25, look out below!
On 2/5/2019, TD Ameritrade stock tanked...eTrade could be next to tank!
ETFC flag's bottom line (support) oncoming retest?Signals:
Double bottom
Wide Flag
Buy 24.60-24.70 retest of flags bottom line
Target 29.00
Stop 24.34 (-1 tic flag's low)
R\R ratio 1:16
ETFC Day Trade Retest Gap (Brad Reed Jan23,2015)ETFC expected to open at 23.95 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com