XLF
Financials are looking good mostly thanks to Uncle Jerome's aggressive stimulus plan and banks of course "being too big to fail". With that said, there are several key players ($GS $JPM) in this space that are also at the forefront of financial services innovation and strong cash flows/liquidity. All of this paints a pretty bullish fundamental for the short/immediate term and with the additional announcement of a potential round 2 of stimulus checks... Money Printer go Brrrrrrrr?
From a technical standpoint, we are are about to breakout from a symmetrical triangle to the upside. My target is $25 with movement happening by 8/6. Hopefully the mods leave this up for you guys.
- PennyBag
Financials are looking good mostly thanks to Uncle Jerome's aggressive stimulus plan and banks of course "being too big to fail". With that said, there are several key players ($GS $JPM) in this space that are also at the forefront of financial services innovation and strong cash flows/liquidity. All of this paints a pretty bullish fundamental for the short/immediate term and with the additional announcement of a potential round 2 of stimulus checks... Money Printer go Brrrrrrrr?
From a technical standpoint, we are are about to breakout from a symmetrical triangle to the upside. My target is $25 with movement happening by 8/6. Hopefully the mods leave this up for you guys.
- PennyBag
Trade aktif:
Took 25% off here
Trade aktif:
Going to take 50% off around $25 then let the rest run
"Cut your losses early and let your profits run" - J. Livermore
"Cut your losses early and let your profits run" - J. Livermore
Trade aktif:
$XLF holding the blue uptrend line - sooner or later this name will have multiple +5% days
Trading ditutup: target tercapai:
Closed out this trade as my target was essential hit. Congrats to anyone who took this!