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VISA Best buy opportunity since 2022.Visa Inc (V) is trading again above its 1W MA50 (blue trend-line) for the 3rd straight week following the rebound on early August's Low. That low apart from a Double Bottom is also a technical Higher Low formed at the bottom of the 2-year Channel Up. The previous Double Bottom in October 2023 was exactly on the 1W MA50 and even though not at the bottom of the Channel Up, it did manage to kickstart a +27.36% rally. The Bullish Leg before it rose by +34.04% before also correcting back to the 1W MA50. With the 1W MACD about to form the first Bullish Cross in 9 months, we have at hand the best buy opportunity on Visa, whose last 1W MACD this low was back on the September 2022 bottom! Our Target for the end of the year is $320.00 (+27.36%). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:VLong
by TradingShot
MASTERCARD Short-term pull-back has begunLast time (August 23 2023, see chart below) we looked at Mastercard (MA) the 1D MA50 (blue trend-line) gave us a solid buy opportunity, which easily hit our 415.00 Target: The price is now starting to pull-back after marginally breaking the top (Higher Highs trend-line) of the 1.5 year Channel Up (blue). It already broke below the medium-term (dotted) Channel Up and is headed towards the 1D MA50 (blue trend-line). With the 1D RSI already on Lower Highs (i.e. a Bearish Divergence against the stock's Higher Highs), we believe this is an early Sell Signal on the short-term. The March 13 2023 Target was the 0.382 Fibonacci retracement level, so we are currently aiming for $440.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:MAShort
by TradingShot
UBS Group (UBSG): A Golden Opportunity for Investors?UBS Group (UBSG): SIX:UBSG Considering that Switzerland is one of the first European countries potentially associated with interest rate cuts, sectors across the board, including the banking sector and specifically UBS Group, become quite intriguing. We've had to adjust and modify our analysis due to a breakout to the upside, suggesting a further upward trend before concluding the overarching trend. Please pay close attention if you're following along. We posit that Wave 2 concluded at 13.87 CHF, placing us in Wave 3. We anticipate the reemergence of subordinate Wave ((iv)), which, in this case, should find support between the 23.6% and 38.2% levels. Given that all previous Wave 4s in UBS Group's pattern have been short and swift, we expect a repetition of this pattern, suggesting no further significant drops. Should we indeed pivot at the 38.6% extension level of 28.55 CHF and begin to develop Wave ((v)), we will issue a limit order once we observe tangible weakness in the price action. If there's an additional climb, our zone will be accordingly adjusted upwards.
SIX:UBSGLong
by freeguy_by_wmc
📈 CITIGROUP GETS UP TO RECOVER, BREAKS THROUGH MULTI WEEK HIGHSCitigroup stocks hit highest since March 2022, last up 5% as brokerage Morgan Stanley upgrades NYSE:C to "overweight" from "underweight", as well as NYSE:BAC and NYSE:GS to "overweight" from "equal-weight". Brokerage sees a rebound in capital markets amid growing signs of an imminent rebound in dealmaking. Also expects regulators to ease the Basel III Endgame proposals, a set of rules that will make capital requirements stricter for banks, which have been one of the flashpoints in the industry for months. Brokerage says the proposals could be eased to be more aligned with Europe so that European banks do not have an unfair advantage. Any easing of the draft rules will open the door for a significant increase in stock buybacks, as large-cap banks sit on the highest excess capital levels ever - NYSE:MS . The main technical graph says that NYSE:C shares add +5.25% on Tuesday, break through multi week highs, with possible further recovery to multi year top $80 level.
NYSE:C
by Pandorra
ACIC Engulfing Price Spike, Long Uptrend Insurance ACIC on the daily chart looks like a solid swing trade until at least the next earnings. The last trading session had a hugh 10-15% move with a corresponding spike in buying volume. The earnings report is about a month away. I will drill down to a 120 minute time frame and look for bottom pivots from which to accumulate a position for the pre-earnings run up. It is an insurance stock, a conservative financial services play which from the chart looks safe with a good possibility of some gains in the upcoming month. Yeah if you look at the chart carefully you will notice that ACIC did 8X in 2023.
NASDAQ:ACICLong
by AwesomeAvani
2
$BTCUSD Retraction Point Approaching The BITSTAMP:BTCUSD pair is nearing a crucial resistance level at $46,177, signaling potential price retraction. Our indicator ( w.aritas.io ) suggest a gradual exhaustion of bullish momentum, with increased short positions. Additionally, the Relative Strength Index (RSI) is approaching the overbought (OB) zone, indicating a potential reversal. Caution is advised, and a retracement to around $39,375 is anticipated. Traders should closely monitor these levels for potential trend changes.
COINBASE:BTCUSDLong
by wikitrades
Market Meltdown: Wall Street's Shocking Symphony Unveiled!In the heart of financial dynamics, where numbers narrate tales and markets hum a melody, we stand on the cusp of a riveting chapter. The surge in bond yields, the resonance of conflict in Gaza, and the corporate crescendos echo through Wall Street, crafting a narrative that captivates and challenges. As we step into this unfolding saga, each market movement becomes a note in a symphony—a symphony where every rise in bond yields, every geopolitical tremor, and every corporate revelation plays a crucial role. Join me as we unravel the Overture of Wall Street, decoding the melodies that shape the financial landscape and beckon us into the intriguing world of global finance. Bond Yields Surge: Unraveling the Threads of Economic Sentiment The recent surge in the benchmark 10-year U.S. Treasury yield, cresting above 4.9%, serves as a seismic event with far-reaching implications. Traditionally, higher yields spell caution for equity markets, diminishing the allure of stocks in comparison to the safety of fixed-income assets. The market's reaction, characterized by a 1.3% dip in the S&P 500, underscores the anxiety stemming from heightened borrowing costs for both corporations and households. This surge in bond yields is not merely a statistical blip; it's a harbinger of a delicate dance between the Federal Reserve and the broader economic landscape. The specter of swelling U.S. debt looms large, and as Bloomberg Economics warns, the increase in yields could act as a drag on economic growth, akin to the impact of a Fed rate hike. Geopolitical Turmoil: A Catalyst for Market Volatility The geopolitical tableau adds a layer of complexity, with the Gaza conflict acting as a catalyst. The deadly explosion at a Gaza hospital and the subsequent cancellation of a summit with Arab leaders have injected fresh uncertainties into the market psyche. Beyond the tragic human toll, the conflict reverberates through financial markets, notably elevating oil prices. Oil, the lifeblood of economies, rose nearly 2% to $91.50 a barrel. The Israel-Hamas conflict and optimistic outlooks for Chinese demand became twin engines propelling oil's ascent. Investors, already grappling with bond yield tremors, now face the added challenge of navigating an energy market rife with geopolitical uncertainties. Corporate Performance: A Tapestry of Triumphs and Tribulations Against this backdrop, corporate performances play a pivotal role in shaping market trajectories. Morgan Stanley's stock stumbled after reporting a drop in quarterly net income, emblematic of challenges within the financial sector. Simultaneously, Procter & Gamble's shares surged as the company reported a quarterly profit boost, underlining the impact of strategic pricing decisions in an inflationary environment. The corporate stage is set, with companies wielding the power to either fortify or erode market confidence. In the case of United Airlines, a 7% early decline in shares following a cut in year-end earnings forecasts exemplifies the tightrope walked by companies in a tumultuous market environment. Market Performance: A Symphony of Red and Green As the final notes of the market day resonated, the S&P 500, Nasdaq Composite, and Dow Industrials bore the weight of a 1.3%, 1.6%, and 1% decline, respectively. The Russell 2000, reflecting smaller companies, faced a more substantial 2.1% dip. This symphony of red underscores the impact of mixed corporate reports and the tightening grip of rising Treasury yields. The decline is not confined to domestic shores; the MSCI World index echoes the sentiment, falling in tandem with its U.S. counterparts. The markets, in their collective wisdom, are sending signals of caution, reacting to the interplay of global and domestic variables. Deciphering the Market's Sonnet In conclusion, Wall Street's current state is akin to a sonnet, weaving together verses of bond yield surges, geopolitical tumult, and corporate performances. Each stanza contributes to the larger narrative of market sentiment, reflecting the delicate balance between risk and reward. Investors must read between the lines, understanding that every rise in bond yields, every geopolitical tremor, and every corporate report shapes the verses of the market's sonnet. As we navigate these turbulent waters, an agile and discerning approach is paramount. The future remains unwritten, and while challenges abound, opportunities await those who can decipher the intricate melodies emanating from Wall Street's financial symphony.
EIGHTCAP:SPX500
by fardycurry
Unity Software Inc.: The Future of Real-Time 3DUnity Software Inc. (U) is a leading provider of real-time 3D development tools. The company's platform is used by game developers, artists, architects, and other creative professionals to create interactive experiences. Fundamental Analysis The fundamental analysis of U stock is positive. The company is growing rapidly, and its financials are strong. U is also well-positioned to benefit from the growing demand for real-time 3D content. Technical Analysis The technical analysis of U stock is mixed. The stock is currently trading below its 20-day and 50-day moving averages, which are bearish signals. However, the stock is also trading near its support level of $37.00, which could provide a buying opportunity. Overall, the fundamental analysis of U stock is positive, while the technical analysis is mixed. Investors should carefully consider both factors before making a decision about whether to buy or sell the stock. I hope this post is helpful. This analysis represents my thoughts at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
NYSE:UShort
by YExplore
SOFI vwap crossover earnings 2 days LONGOn Friday the 28th SOFI had a good day. I am looking for more of the same going into earnings. It dropped through the middle VWAP bands and remarkably rebounded. Great volatility to be exploited. Some consolidation at the +1 Standard Deviation band is normal and healthy. SOFI as a financial technology has been honing its margins in a challenging environment. I see a long trade here and will take it being careful to take profits quickly and pay attention to the earnings release. A stock trade on an the intraday basis is considered. A 1 % stop loss is good enough since price is sitting on dynamic support. The target is 10.0, the pivot high of mid-July, This is 2.5% for a modest quick trade with a risk of 1 for a reward of 2.5. Just a basic trade at a good entry.
NASDAQ:SOFILong
by AwesomeAvani
Mastercard: Master the Hurdle! 🚧Mastercard should activate more upwards momentum to make it above the resistance at $390 – a feat in which it has succeeded already, albeit temporarily. Once above this mark, the share should vault into the green zone between $429.57 and $453.90 to complete wave B in green before returning below $390 again. However, we must keep in mind our alternative scenario with a probability of 33%: Mastercard might drop below the support at $340.21 to develop a new low first before heading further upwards. We would then expect this new low in the form of wave alt.(X) in magenta in the magenta-colored zone between $319.74 and $289.16.
NYSE:MA
by MarketIntel
Moody's Corporation WCA - Inverted H&S Company: Moody's Corporation Ticker: MCO Exchange: NYSE Sector: Financial Services Introduction: Hello and welcome to our technical analysis! Today we're examining the weekly chart of Moody's Corporation on the NYSE. A fascinating pattern within a pattern is currently unfolding, with an inverted head and shoulders formation potentially serving as a bottom reversal. Inverted Head and Shoulders Pattern: An inverted head and shoulders pattern typically serves as a bullish reversal pattern, signifying the transition from a downtrend to an uptrend. It's characterized by three successive lows with the middle low (the head) being the deepest and the two other lows (the shoulders) being shallower. Analysis: Moody's previous trend was clearly bearish, interrupted by a consolidation phase taking the form of an inverted head and shoulders. This pattern has been developing over 392 days. Although the usual symmetry between the shoulders is absent, the right shoulder sitting higher than the left is typically a positive sign. Intriguingly, the right shoulder itself seems to be forming as a smaller head and shoulders pattern, all occurring above the 200 EMA. The horizontal neckline of this pattern is at $325. A breakout above this level could provide an opportunity for a long position entry. Upon a successful breakout, our projected price target would be at $418.30, translating into a potential price rise of approximately 28.83%. Conclusion: The weekly chart of Moody's Corporation presents an interesting pattern within a pattern, where a short-term head and shoulders pattern forms within a longer-term inverted head and shoulders pattern. A confirmed breakout above the neckline could offer a promising long position entry. As always, it's important to conduct your own due diligence and employ appropriate risk management strategies before making any investment decisions. Not financial advice Thank you for joining this analysis. If you found it insightful, please like, share, and follow for more market updates. Happy trading! Best regards, Karim Subhieh
NYSE:MCO
by KarimSubhieh
2
Financials Gain With Tech In PainWhen central banks raise rates, financial sector outperforms. That is until credit crumbles by which time all bets are off. As federal funds rates spike and stay elevated for longer, lending rates will climb higher relative to deposit rates. Net Interest Margin ("NIM") which is the difference between lending and borrowing rates continues to favour financial services firms. Inflation while softening remains high in developed and emerging markets. Hopes of Fed pivot on rates is fading as inflation is starting to spike again in some countries. Central banks on either side of the Atlantic are determined to tame it down. Continued rate hikes push economies into recession, crush consumer demand while increasing credit (corporate & personal) defaults. At that stage, even the financial industry (“financials”) starts to feel the pinch. But growth and tech stocks will be hurt even more. These stocks will plummet as present values of future distant profits get discounted at higher rates. As financials gain from attractive NIMs, growth stocks meanwhile are likely to get hammered from elevated rates. This case study articulates a spread trade to harness yields from these anticipated market moves. Investors with portfolio exposure to S&P Financial Select Sector Index ("Financials Index") can participate in industry's outperformance. This index provides exposure to banks, mortgage firms, consumer financial firms, capital markets and insurance firms, among others. A long position in CME E-Mini Financial Select Sector Futures and a short position in CME Micro E-Mini Nasdaq-100 Index Futures will deliver >2.7x reward to risk ratio. HISTORICAL NEXUS BETWEEN TECH-HEAVY NASDAQ & FINANCIALS INDEX Over the last 10 years, the ratio of the Financials Index relative to Nasdaq-100 touched a high of 0.0917 in July 2013 and a low of 0.0342 in November 2020. The ratio rises when financials outperform Nasdaq. The ratio hovered around 0.072 on average from 2013 until the onset of pandemic linked monetary stimulus. It plunged when the monetary policy taps were let loose. Valuations of tech, high-growth, non-profitable firms soared relative to staid financials. However, with QE substituted by QT i.e., from monetary easing to tightening, financials are set to fight back. Frail demand with layoffs is the uncertain path ahead for tech. In contrast, financials appear poised with resilient balance sheets to swing the ratio back in its favour. DEMYSTIFYING S&P FINANCIAL SELECT SECTOR INDEX The Financials Index is market cap weighted and rebalanced quarterly. As of end February 2023, there were sixty-seven companies in total with the top-10 representing 53% of the index. Top-10 index constituents by weight and their 12-month price targets are summarised below. Price targets (PT) for the top-10 point to an average appreciation of 12%. The average of maximum PT among the top-10 delivers a spectacular gain of 29%. However, the average of minimum PT among the same group shows a drop of 8%. Clearly analyst targets are skewed towards a healthy upside gain with limited downside risk. FEDERAL FUNDS RATE TO STAY HIGHER FOR LONGER In speaking to Barron’s, Brian Moynihan, CEO of Bank of America said that the Fed is going to have to leave the rates at a higher structure than people may believe. The Fed were late to the game, and they have got to keep rates high for long until it works through the system. ELEVATED RATES HURTING DEMAND BUT INVESTORS REMAIN EERILY BULLISH Tech sector is feeling the heat of melting demand. Revenues of S&P 500 tech firms is expected to grow only 2% this year. It is the slowest since 2016 as per Bloomberg Intelligence. Q4 earnings have been sending worrying signals for the largest tech companies. Earnings from Apple, Microsoft, Alphabet, Amazon & Meta missed estimates by 8% on average, as per Bank of America. Despite cracks in Q4 earnings, investors’ enthusiasm for tech stocks remains bubbly. Nasdaq is up 13% this year. Rising share prices coupled with shrinking earnings estimates is pushing Nasdaq valuations into lofty zone. The Nasdaq is now priced at 24-times one-year forward earnings, compared to an average of 20-times over the last decade. Overpriced by 20% based on historical standards. In contrast, financials price-earnings ratios, as represented by Financial Select Sector SPDR ETF is at a humble14.5-times. Every dollar of earnings per year requires $14.5 in financials compared to $24 in Nasdaq. In theory, the Nasdaq is 66% more expensive than financials. Bullish markets this year has pushed Nasdaq stocks well ahead of price targets. This phenomenon might be the result of a bear market rally or short covering or rising retail participation or all of them. Consequently, ratio of financials to Nasdaq has slumped 9% so far this year setting the scene for an attractive spread trade entry. TRADE SET UP As central banks are determined to keep inflation down by keeping rates higher for longer, this paper demonstrates a long position in CME E-Mini Financial Select Sector Futures expiring in June 2023 (“financial futures”) and a short position in CME Micro E-Mini Nasdaq-100 Index Futures expiring in June 2023 (“Micro Nasdaq”) will deliver >2.7x reward to risk ratio. Spreads require that the notional values of each leg of the trade to be identical. Each financial futures provides an exposure to $250 x S&P Financial Select Sector Index. Meanwhile, each Micro Nasdaq provides an exposure of $2 x Nasdaq-100 Index. As of March 3rd, financial futures expiring in June 2023 settled at 446.4 while the Micro Nasdaq settled at 12,446.50. Balancing each leg of the trade requires 2-lots of financial futures (2 lots x $250 x 446.4 = $223,200) and 9-lots of Micro Nasdaq (9 lots x $2 x 12,446.50 = $224,037). Entry: 0.0359 (446.4/12,446.5) Target: 0.0405 Stop: 0.0342 Profit at Target: $ 28,800 Loss at Stop: $10,350 Reward-to-Risk Ratio: >2.7x MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
CME_MINI:XAFM2023Long
by mintdotfinance
GRIN. Holdings Ltd. for steady growth in global shippinJoin the smart investors who are banking on Grindrod Shipping Holdings Ltd for steady growth in the global shipping industry. With a diversified portfolio, strong financials, and experienced management team. Diversified Shipping Services: Grindrod provides a diversified range of shipping services, including dry bulk shipping, liquid bulk shipping, and container shipping, which can potentially provide stability and reduce dependence on any single business segment. Emerging Markets Exposure: has a significant presence in emerging markets, which can offer growth potential as these economies continue to develop and demand for shipping services increases. Strong Financial Performance: has a history of strong financial performance, with steady revenue growth and profitability, which can indicate a well-run and efficiently managed company. Growing Demand for Shipping Services: The global shipping industry is expected to grow as a result of increasing trade and economic activity, which can provide tailwinds for Grindrod's business. Experienced Management Team: has an experienced management team with a strong track record of running the company and making strategic decisions, which can provide confidence to potential investors. It's important to keep in mind that this is just one possible investment thesis and that past performance is not a guarantee of future results. It's crucial to conduct thorough research and consult with a financial advisor before making any investment decisions.
GLong
by DCAChampion
BAC - Price Targets & Stop Loss📈 What’s up investors! 📉 Welcome back to another one of 💡“Mike’s Ideas”.💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: ⚪ White = Entry Point 🔴 Red = Stop Loss 🟢 Green = 1.2:1 Risk Reward Ratio 🟡 Yellow = 1.5:1 Risk Reward Ratio 🔵 Blue = 2:1 Risk Reward Ratio 👀 So what are we looking at today…!!! 🚨( BAC ) Bank of America Corporation🚨 Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
NYSE:BACLong
by sststrategy
My thoughts on Goldman Sachs going into the Earnings Weekly Timeframe After a challenging start to the year, the company's stock bottomed out at around 280$. This level was tested three times before the stock experienced a month-long rally. The bulls exhausted at around 350-360$ after which the price went on to make a higher low. There it formed a new demand zone and rallied again reaching 2-3 standard deviations and setting a new high. After that a retracement and consolidation, at around 340-350$, bouncing from the 20-period moving average and the 0.5 Fibb level. The RSI has remained above 50, forming three consecutive higher highs and higher lows. Suggesting that the upward movement is likely to continue. Daily Timeframe The price has consolidated and found a support zone. The 14-period RSI broke its trendline and is now moving upward. The MACD line crossing above the signal line also adds confirmation to this potential reversal. Overall, it looks like the market is primed for a strong trend in the coming days. Going forward… on the Daily Chart… Thanks for reading The Seeker! Subscribe for free to receive new posts and support my work. In early November, the price broke its previous structure and has since made higher highs and higher lows. The potential for a new high and a move above the 390$ level looks promising, with a solid risk-to-reward ratio.
NYSE:GSLong
by RickHardyPro
STNE - Preparing for a Parabolic MoveBoth the chart pattern & recovering financial performance show that STNE is preparing for a parabolic move. I was wondering why this Brazilian Fintech Company, which had stunning financial performance in the previous years, nosedived from 90 to 10 in hardly one year. A decrease of almost 90% - that's scary for every investor. The reason I found is the bad debts - when macroeconomic situation of Brazil worsened people couldn't pay their debts. But now the STNE is recovering on the back surprising quarterly results and whopping estimates about future earnings. Let's discuss important strengths of STNE: TECHNICALS: Stock entered accumulation zone in March 2022 and is swinging between price range of 12 to 7 for the last 7 months. It is forming ascending triangle but still breakout hasn't occurred and Golden Cross is also awaited. Average volume has increased but big spikes which show institutional buying are also not yet witnessed. FUNDAMENTALS: Recent quarter has been tremendously good for STNE. Its post quarter income increased 140% and its revenues increased 10%. One surprising aspect about STNE is that its topline growth has never stopped despite negative incomes in many trailing quarters. Company's revenues increased 110% in Trailing Twelve Months (TTM) because of increasing number of customers and inspiring performance of its core payment-processing system. Its earnings estimate of $0.35 per share represents a change of +191.67% from the year-ago number. Another positive aspect is that Warren Buffet has this stock in his portfolio due to its high risk-reward potential. Hence, I am keeping this stock in strict monitoring and waiting for breakout and golden cross. Another good quarter of earnings can be real fuel for its market performance.
NASDAQ:STNELong
by starringinvestors
7
CNO: Breakout?CNO FINANCIAL GROUP Intraday - We look to Buy a break of 19.37 (stop at 18.43) Daily signals are mildly bullish. Price action has continued to range within a triangle formation. The bias is to break to the upside. A break of resistance at 19.35 should lead to a more aggressive move higher towards 21.00. Our profit targets will be 21.51 and 23.00 Resistance: 21.50 / 24.15 / 27.00 Support: 18.70 / 16.60 / 10.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:CNOLong
by VantageMarkets