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PNC FINANCIAL SERVICES GROUPPNC FINANCIAL SERVICES GROUPPNC FINANCIAL SERVICES GROUP

PNC FINANCIAL SERVICES GROUP

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PNCF trade ideas

Financial giant $PNC could follow the leader $SIVBWhenever I miss the chance to buy a breakout of a leading stock, I look for other stocks in the same industry. As my personal account is still too small to buy a stock like SIVB , I've been watching PNC to buy when it breakouts from its large base. This strategy has helped me to capitalize industry moves. A good example was when I missed TBK but bougtht CASH . Normally good stocks follow the leading stocks. The earnings report missed estimates making the stock to gap down but had a higher close, this move could be the handle of the "cup & handle pattern" that has been making since May. I'll wait for the breakout to take a position. The breakout pivot point is at $205, with a 2:1 risk/reward ratio my stop loss is at $196.55 with a target sell at $224.15. NYSE:PNC has a IBD RS of 84 with a rank #10 in its Industry Group. Sometimes I like to check the options market of the stock. The option with highest volume and open interest is a CALL option with a 23.61% implied volatility. That means that the market is expecting an upside move of at least +1.50% on Monday, and a +3.40% move in the next 5 days. Next week is key.
NYSE:PNCLong
by dpuleo19
What Is An Overextension In The SIMPLEST Terms?A lot of times we get away from simply keeping it simple. When it comes to trading, simplicity will be your best friend. I consider Price Action the "OG" of all technical analysis. On the same note, I don't knock anyone who uses indicators to make a profit. I do have a few myself that I originally started with, that I still plug in from time to time. I will ALWAYS keep the Volume indicator on my chart, it's the most important indicator there is to use. Because price may tell you when & where it's happening, but volume will tell you how it's happening. Is there commitment basically. The other indicators are: VWAP, 21MA, 200MA (I also plug in Camarilla Pivot Points set to "Traditional" using the Pivot with R1-R4/S1-S4 levels only, if price has entered into a voided area). I use Pivot Points in voided areas to shortcut the calculation & measurement of the potential move & set R1(resistance) for my 1st target on a breakout & I use S1(support) for my 1st target on a breakdown. With the PIVOT(P) level being where price may react either way. But here with #PNC, I'm highlighting the breakout that happened. The point in this chart is to show an overextension within price itself. The technique is rather simple and quite frankly elementary but effective & that's just to count the bars. When you begin to see price pushing 3,4,5,6,7,8,9 bars up or down!!! THAT IS NOT A TIME TO GET IN THE TRADE!!...IF YOU ARE IN THE TRADE, REAAALLLLYYY THINK ABOUT TAKING PROFIT SOONER OR SOONER!! Novice traders sometimes have the misconception that when they see a multitude of green candles pushing up or a multitude of red candles pushing down, that NOW is the time to get in & it's not. You're asking for nothing but small profit, tough managed trades, reversals, anxiety, emotional & financial pain. The people who are already in those trades are the ones making money & taking profit, YOU are the one that needs to sit on your hands, but you choose greed sometimes. Trading is about probabilities, high probabilities and low probabilities. You have a higher probability of price stalling out or reversing on you after 6 or 7 bars up or down vs. A higher probability of the trade pushing ANOTHER 4, 5 or 6 bars up or down. In closing, just play the higher probability no matter the timeframe.
NYSE:PNC
by DayTraderEarl
BUY to PNC FINANCIAL SERVICES GROUP DailyHey traders, PNC FINANCIAL SERVICES GROUP is in a fake downtrend with low traded buy volume and a trace of the high larger than the low. Looking at the TIMEFRAME M1 we can see a hammer bull candle shape, it is ready to breakout a stabilization and price zone. Great chance to join the next higher (See TIMEFRAME M15). And if the buyers are still there, you will brekout the volume to move upwards afterwards. Please LIKE & FOLLOW, thank you!
NYSE:PNCShort
by stephanelibatd