Regions Financial - Strong rejection off support
After 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.