[33] BAC, BX, COIN
The information and materials provided here, whether or not provided on TBI’s Substack (TBI), on third party websites, in marketing materials, newsletters or any form of publication are provided for general information and circulation only.
None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.
TBI does not take into account of your personal investment objectives, specific investment goals, specific needs or financial situation and makes no representation and assumes no liability to the accuracy or completeness of the information provided here. The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort offered or endorsed by TBI. TBI also does not warrant that such information and publications are accurate, up to date or applicable to the circumstances of any particular case. Any expression of opinion (which may be subject to change without notice) is personal to TBI and TBI makes no guarantee of any sort regarding accuracy or completeness of any information or analysis supplied. TBI is not responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained here. The contents of these publications should not be construed as an express or implied promise, guarantee or implication by TBI that you will profit or that losses in connection therewith can or will be limited, from reliance on any information set out here.
Hi everyone! I’ve been busy and was unable to post any newsletters last week. Here’s the first for the week:
Bank of America Corporation (NYSE: BAC)
BAC is currently trading in a series of ascending channels. It rejected off the 2006 prior high at 55.08 before pushing back into the 47.67-48.53 prior quarterly resistance.
If this zone is lost, then it likely pushes back into the dark green channel support, with support confluence at the unfilled monthly imbalance of 42-43.
Otherwise, if BAC reclaims 55.08, it can push into the 1.618 Fib extension at 71.04.
If BAC breaks below the dark green channel, then it likely pushes back into the 1997 prior ATH at 35.84 from above.
Blackstone Inc. (NYSE: BX)
BX broke down from its green ascending channel and is currently consolidating in the red descending channel.
It just filled its half-yearly imbalance sitting at the 102.04 level, before bouncing and rejecting off the 112.02 Fib level.
If BX breaks below the descending channel and the 95.13 Fib level, it could see a larger correction into the 74-76 quarterly support once more.
Otherwise, if BX reclaims the 114.88 half-yearly level, it could retrace back into the 2023 prior high at 133.53.
Coinbase Global, Inc. (NASDAQ: COIN)
COIN has been holding its horizontal support at the 158.05 Fib level for the past year or so, while making progressively higher highs.
Currently, COIN is stuck beneath the brown and red resistance trendlines. If COIN breaks out of the brown line and reclaims the 208-213 major timeframe resistance, then it can push back into the 230.33 Fib.
Otherwise, COIN could consolidate back into the 187 area, where it has a yearly level at 187.39 and a Fib level at 187.87.
If COIN breaks the monthly support at 176.58, it opens up a range back into the 158.05 level. Below both levels, it could see a breakdown into the 126-128 area.
@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger
$Bank of America(BAC)$ $Blackstone Group LP(BX)$ $Coinbase Global, Inc.(COIN)$ $Apple(AAPL)$ $Microsoft(MSFT)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- fuddie·03-16 17:55Solid TA on BAC and BX levels, mate. Watching COIN for that breakout! [666]LikeReport
