* Exceptional earnings
* Very strong up trend
* High 3-month relative strength of 2.43 in the Finance sector
* Pays out quarterly dividends
* Breaking out of a ~5 month base
Trade Idea:
* You can enter now as the price is just breaking out of the base.
* Today's price action printed a bullish pin bar which indicates that there's tonnes of demand around the $196.43 area.
* Offering a great risk to reward ratio
* Given the current market conditions you may want to wait or trade a smaller size
Caution:
* A daily close below the $193.12 area would put this idea in danger.
* Very strong up trend
* High 3-month relative strength of 2.43 in the Finance sector
* Pays out quarterly dividends
* Breaking out of a ~5 month base
Trade Idea:
* You can enter now as the price is just breaking out of the base.
* Today's price action printed a bullish pin bar which indicates that there's tonnes of demand around the $196.43 area.
* Offering a great risk to reward ratio
* Given the current market conditions you may want to wait or trade a smaller size
Caution:
* A daily close below the $193.12 area would put this idea in danger.
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.
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.