Ally FinancialNice divergence playing out, also loving the 61.8 confluence with high volume cluster on VPVR for first trouble area (profit taking).
ALLY1 trade ideas
QuickTradeBullish cross after the first 1-2
RSI overbought
Next resistance is the daily EMA.
Stop at $49.20
$ALLY WEDGE!Another wedge has presented itself and it looks almost ready for some more upside. Currently between the ATH VWAP and the 8MA after the large bearish reversal on the 28th, with price action right below the POC. Demand above should present itself above both key VWAPs that have begun to move closer together. With relatively low IV, a strong move will present itself soon if price trades above key levels on the chart.
A Prime OpportunityAlly Bank is a high quality bank with a stable price, reasonable valuation, and no upcoming catalysts in the next 30 days. Due to it's channeling price action, selling the OCT 15 48/55 short strangles, which have a breakeven of 46.48 and 56.52, seems like a free money trade. Earnings are on the 27th.
Alternatively, you could sell some 2:1 put ratios for a higher credit and more protection should the stock move higher into earnings.
Either way though, the R:R here seems highly attractive & could present a nice little $150-$200 win per contract.
consolidation before the breakout? i think yes!nice consolidation faze here on ALLY, I have heard great things about this company. on watch for a shares scalp position if 53.3 can break, ill target price target 2 of 57.29 after entry. great risk reward in my opinion. goodluck traders! :) like and follow for more
Expectation Record ALLY for 09 - 13 August 2021Resistance 1 : 52.60
Support 1 : 49.60
Support 2 : 46.00
ALLY still unable to break strong resistance_1 : 52.60. If still unable to break, ALLY will look back Support_1 : 49.60.
Expectation Record ALLY for 02 - 06 August 2021Resistance 2 : 56.60
Resistance 1 : 52.60
Support 1 : 49.60
Support 2 : 46.00
ALLY still unable to break Window Gap at 52.60 - 53.60 in past 3 weeks. ALLY must break 52.60 in order continue the uptrend. If not, will look back Support_1 : 49.60.
Expectation Record ALLY for 26 Jul - 30 Jul 2021Resistance 1 : 56.60
Support 1 : 52.60
Support 2 : 49.60
ALLY had stand above Support_2 : 49.60 and try to break Support_1 : 52.60 and Window Gap. If ALLY above to break and stand above 54.00, ALLY will continue the Uptrend like previous Uptrend happened in year 2021 until May 2021.
ALLY : Buy ZoneThe 21 and 50 hourly are near to cross.
If will happen, with a new high recorded as well, I will start a position.
ALLY Finance recovering after nice 14% pullback.ALLY is another stock that has been consistently making higher highs over the last 12 months, but recently had a nice deep pullback to value of around 14%.
RSI shows it is at a better value area and MACD looks like bearish pressure on the price is reducing and buyers are coming back in helping the price recover.
Earnings aren't too far away so buyer beware. The deal they did with Sezzle last month gives us an indication that they could be open to more innovative fintech type deals.
Worth keeping an eye on.
Great Entry for ALLYALLY is an online bank that just did away with overdraft fees. It just pulled back to its 50-day EMA, and it's a great entry point on a solid company.
Expectation Record ALLY for 21 - 25 Jun 2021Resistance 1 : 56.60
Support 1 : 52.60
Support 2 : 49.60
Support 3 : 46.00
ALLY already broken Support_1 and Support_2. If ALLY can stand above Support_2 : 49.60, ALLY will continue to break Support_1 : 52.60. If cannot, ALLY will continue drop to Support_3 : 46.00
Expectation Record ALLY for 31 May 2021 - 04 Jun 2021Resistance 1 : 55.20
Support 1 : 52.60
Support 2 : 47.80
ALLY will continue to break previous new High 55.20
Expectation Record ALLY for 10 - 14 May 2021Support 1 : 50.50
Support 2 : 47.40
Support 3 : 45.30
ALLY will continue break new High. Once U - Turn, look back at Support_1 : 50.50
$ALLY Weekly run up and return to the trendlinePretty much has followed the same trend as all financials, especially JPM. MACD and RSI need to cool off the next weeks, but trend should hold as long as we don't break through 30 key fib level.
ALLY posts strong Earnings but still has a neutral outlook $ALLY posted better than expected earnings, but still the PEAD projected a neutral outlook for the stock with price trading close to the lower boundary of the projected cone.
BUY to ALLY FINANCIAL Hey people, ALLY FINANCIAL is in a fake bearish push with a hammer candle and more sales volume than purchase especially its last sessions. We can see on the TIMEFRAME 5 Min a refusal of the sellers but despite all its the title still asks to go up. ALLY FINANCIAL goes to its lowest to start rising again and breakout the stabilization zone. Great possibility of going to the top of the new stabilization zone between a filling of the second bullish gap to see the reaction of buyers on this one.
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Ally Financial On watch for Thursday
Ally Financial Inc
reported a mutual deal to terminate its merger with CardWorks. Ally Financial shares climbed 9.2% to $20.00 in the pre-market trading session.
Company Profile
Ally Financial, Inc. is a holding company, which provides digital financial services to consumers, businesses, automotive dealers, and corporate clients. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations. The Automotive Finance Operations segment offers retail installment sales contracts, loans and leases, offering term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to companies, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles and equipment, and vehicle remarketing services. The Insurance Operations segment focuses on finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. The Mortgage Finance Operations segment consists of the management of a held-for-investment consumer mortgage finance loan portfolio, which includes bulk purchases of jumbo and LMI mortgage loans originated by third parties. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to mostly United States based middle market companies focuses on businesses owned by private equity sponsors with loans typically used for leveraged buyouts, mergers and acquisitions, debt refinancing, restructurings, and working capital. The company was founded in 1919 and is headquartered in Detroit, MI.
