$SHG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $SHG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
Market insights
$SHG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SHG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
$SHG with a neutral outlook after a Negative over reaction $SHG PEAD projected a neutral outlook for the stock after a Negative over reaction following the earnings release placing the stock in Drift C
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SHG, Cup-and-Handle (bullish) I found tihs pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 63%
TARGET (EXIT) PRICE = 24.85 USD
BREAKOUT (ENTRY) PRICE = 24.60 USD
DISTANCE TO TARGET PRICE = 1.00%
EMERGED ON = Oct 09, 10:00 AM (EDT)
CONFIRMED ON = Oct 09, 10:00 AM (EDT)
WITH CONFIDENCE LEVEL = 76%
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price for the Cup-and-Handle pattern by adding the pattern’s height (the difference between the highest high and the bottom of the cup) to the price at the right cup lip. The confirmation move is when the security moves past the breakout price above the right cup lip.
To limit potential loss when the price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle.
The declining handle potentially forms due to mounting selling pressure created when the security tests its high at the right cup lip. After the sellers give up, the security has the potential to break out to the upside.
Shinhan Financial Long Term HoldBetter fundamentals than I can find in Canada with a solid moat, payout ratio and good dividend payment. SHG is getting close to it's lower monthly range. This may still drop a bit lower but I will be averaging in on my position.
