Short at all time high

6 Feb

As many financial equities have had a hard time during these economically challenged hardships are for the average consumer, without realizing this as a Major bank and would most likely be provided help from the government if any issues were to arise to its value. From a technical perspective, price is currently sitting at an all time high banks or the financial sector in general have fared poorly amongst these high interest rate environment. It may be time to short or take profits near its all time high even breaking above its most recent highs, although the uptrend has stayed strong the sentiment around the market hasn't changed. as many finance stocks have suffered although value has held, from a technical trader its about time to exit and take profit. 2024 leading into 2025 with no answer to when interest rate cuts will happen or not happen anytime soon is on all investors minds, ones investment should be moved elsewhere very soon as high interest rates for longer.