* Exceptional earnings
* Very strong up trend
* High 3-month relative strength of 2.43 in the Finance sector
* Pays out quarterly dividends
* Breaking out of a ~5 month base
Trade Idea:
* You can enter now as the price is just breaking out of the base.
* Today's price action printed a bullish pin bar which indicates that there's tonnes of demand around the $196.43 area.
* Offering a great risk to reward ratio
* Given the current market conditions you may want to wait or trade a smaller size
Caution:
* A daily close below the $193.12 area would put this idea in danger.
* Very strong up trend
* High 3-month relative strength of 2.43 in the Finance sector
* Pays out quarterly dividends
* Breaking out of a ~5 month base
Trade Idea:
* You can enter now as the price is just breaking out of the base.
* Today's price action printed a bullish pin bar which indicates that there's tonnes of demand around the $196.43 area.
* Offering a great risk to reward ratio
* Given the current market conditions you may want to wait or trade a smaller size
Caution:
* A daily close below the $193.12 area would put this idea in danger.