Financial chart's I was reviewing:
BAC
GS
MS
JPM
WFC
All are looking looking like that they are in correction mode, however if those feel that the financials are cheap and have long term growth potential (i.e. a possible return to consumer loaning, capital market action, increased trade supply... moving away from trading oriented bottom line growth or whatever factors you are fundamentally factoring)... the short term technical picture says there is a buying opportunity right above 50 SMA. For conservatives wait for the price action to bounce off support.
The only stock above that is not inline with this thesis is GS. Too much selling volume and uncertainty from its recent media spotlight has blurred entry points from a technical stand point.
But hey don't take my word for it...
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Alexander Lê
Managing Partner
Analyze Capital LLC
email: analyzecapital@gmail.com
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