Thread by @malteseinvest

Analysis: #NYSE $PNC

Case 328 #The_PNC_Financial_Services_Group Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#PNC 1/4

Chart 1
Monthly Chart: The long term trend is #bullish and #momentum has been positive since 2011. There have been 3 serious breaks to the long term trend and on 2 occasions, and many years later, price moved higher. The reaction off #SMA 200 and .....

PNC 2/4

..... Fib 0.50 has been very good. Resistances at the #trendline 161.41 and #pivot 159.63 are formidable but will eventually yield - the long term objective is 180.10.

PNC 3/4

Chart 2
Daily Chart: Price has stalled beneath the SMA 200 and pivot #resistance at 132.22/92 respectively and momentum as stalled. There are 3 unfilled gaps.

The #Strategy is printed on the image.

$PNC 4/4