RF trade ideas
REGIONS FINANCIAL ...ending correction details on the chart
and now we need to a good trigger e.g. big bullish candle
watching ...buyim in....
uptrend ...
its a pullback and correction by small candles ...
if you dont in wait for nice bullish candle for entry
RF Bull Flag Breakout: Don't Miss It!Hey traders, great bull flag setup here. It's moving on strong volume today so I'm expecting a breakout within the day or tomorrow morning. I will not enter unless resistance is pierced, but this looks like a high probability setup. I'll be letting it run after 1:1. Cheers
Regions with intraday bear trap?Yesterday RG started it s tradingsession very weak with a gap down and was traded temporarily below the central pivot support Level @ 8.90$. Per Close, RG could defend this Level - a false breakout or ptential bear trap was formed.
The open gap is the new shortterm resistance . For me, the Region between yesterdays low and the gaps upper edge seems to be neutral -herein is no Action needed.
Interesting are the edges of this neutral Zone.
1. Below yesterdays low, i exspect a temoprarily selloff with TPs 8.6/8.3
2. Only Prices above 9.10 will brighten the Chart.
RF Call OptionsBuying NYSE:RF Call options for May 20 with strike price of $9.00
Purchased options at a $.04 bid with a Implied Volatility of 35.94%
I will update the loss or profits.
Cheers, TP
Regions Financial - Strong rejection off supportAfter a very nice bullish divergence that I missed, a rally emerged. I believe that now it's a good time to hop abord this uptrend, because RF tested local support, and rejected it strongly, with an engulfing candle. Today was a strong day for the financial sector. The oscillators don't tell me anything, so that means go with the trend. Target is at 11.50$ where we have the last high. The weekly chart stays above value, but didn't exceed it yet, so it's safe to buy.
RF Check-inHindsight - I got in at a bad price... but does it really matter?
Deutsche Bank Raised to Buy from Hold
$RF^ as interest rates^. Bullish Wave Risk/RewardAs interest rates are on the rise it's key to know what securities do well in those conditions. One example of such a security is Regions Financial $RF (sector = REGIONAL banks). Looking at both the immediate movement, after RF's Inverted Head and Shoulders, and the bigger picture of RF, you can see how this chart plays nicely with price patterns and healthy pullbacks. The positions of the A's and B's indicate that RF is currently in a Bullish wave. Had the " A " been the local high, and the " B " been the low: RF would be showing a Bearish wave pattern (C = current price). Using the Fib. Retracements you can also calculate your risk/reward ratio, entry point (near as possible to 0.38 mark), target prices and where to put your stops. Today's decline should not be of any worry, as these pullbacks are healthy and wanted for this security to remain Bullish. We'll probably see a pullback to the 0.76 level (9.92 - 9.94) before climbing upwards to make new highs. As long as interest rates keep rising $RF and other REGIONAL (within the US) banks should continue to climb. Remember to protect your profits by putting in stops at the appropriate levels, take your profits when you reach your target (have an exit strategy) and keep your eyes on Bernanke and any QE news. Happy Trading! MYOL (Make You Own Luck)
