Additional Comments 6/23/16

European Banks are up anywhere from 3.5% to over 5%
HSBC…needs a close over 33.50 for an ORH Month.
DB…needs a close over 18.53 for an ORH Month
SAN...needs a close over 5.03 for an ORH Month
RBS...needs a close over 7.60 for an ORH Month
Some of these names are up well over 15% in 4 trading days and trading
@ or near these pivotal levels.
These levels typically reject the first time up so be aware of the price action @ or near these levels. The #’s are month end levels.

Investors who are involved should come up with a trailing stop.

This entry was posted in Archive and tagged , , , . Bookmark the permalink.