TA is not showing it's a good stock to invest anyways.
I will not suggest to hold big positions if u intend to buy.
I did gave a signal for this stock, but it was blocked due to posting personal IG account. XD
I don't mind to reiterate again that this stock is not finding a good support, in fact, it has to catch some downside in TA perspective.
Another thing is many international banks are very busy.
My conspiracy with bank stocks besides low interests, poor actual economy growth, and... also because of this:
China posts an impact on some big banks internationally since Yuan digital currency is about to be launched. Generally speaking, the easy money for banks to make money is not as easy as before. These CCP folks that laid their money around the globe has to pull there money out, otherwise, they will be tracked with "outside" money. So to speak, digital currency will be changing the future of many banks.
I will not suggest to hold big positions if u intend to buy.
I did gave a signal for this stock, but it was blocked due to posting personal IG account. XD
I don't mind to reiterate again that this stock is not finding a good support, in fact, it has to catch some downside in TA perspective.
Another thing is many international banks are very busy.
My conspiracy with bank stocks besides low interests, poor actual economy growth, and... also because of this:
China posts an impact on some big banks internationally since Yuan digital currency is about to be launched. Generally speaking, the easy money for banks to make money is not as easy as before. These CCP folks that laid their money around the globe has to pull there money out, otherwise, they will be tracked with "outside" money. So to speak, digital currency will be changing the future of many banks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.