PukaCharts

KRE - Regional Banking Crisis or Opportunity?

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AMEX:KRE   SPDR S&P Regional Banking ETF
KRE Regional Banking ETF

We are currently at oversold levels that offered good historic returns even if we only rise 15% to TASECTORBALANCE (Dec 2018 low) before moving lower.

Given the evolving Banking Crisis we could we revisit the bottom of the long term channel by EOY. This would be a great opportunity.

Throwback to TASECTORBALANCE dollars current idea... stay frosty on this one traders. Current wick low is your stop.

Safe Trading

PUKA
Trade stängt: målet nått:
UPDATE: KRE - Regional Banking ETF

Exited position on June 7th on the open. 22% attained. A much shorter trade to what I'm used too. I actually sold just before target was reached but if your in I would exit now. I do not know what could happen next. We could revert to lower end of channel. It was a short bounce trade.

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