Leading the banking pack
Fib Analysis- In the previous swing the stock made its fib grid from a lower candle instead of the highs, hence I will take the current rally with a pinch of salt. It broke out above 900 and then retested the zone again.
Trendline- It is beautifully respecting the trendline. Hence to me the break of this trendline will be the first indication of a change in trend. So ride the rally as long as it is above this trendline.
RSI- that it is taking support over the bear zone of 60 is a sign of strength.
Fib Extension- Am looking at a min tgt of 1100 and max of 1297 for the current move.
Trendline- It is beautifully respecting the trendline. Hence to me the break of this trendline will be the first indication of a change in trend. So ride the rally as long as it is above this trendline.
RSI- that it is taking support over the bear zone of 60 is a sign of strength.
Fib Extension- Am looking at a min tgt of 1100 and max of 1297 for the current move.
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