Popular
‘We want an answer’: They fear their relatives...
Synagogue door set alight and restaurant stormed in...
Denmark has long been Euroskeptic. Donald Trump helped...
Joyful Parisians take a historic plunge into the...
A Gaza ceasefire is the closest it has...
Week Ahead: NIFTY Set To Stay In A...
Quimbaya Gold Closes $4 Million Financing and Expands...
Syntheia Signs Definitive Agreement for Call Center Acquisition
Lithium Universe LtdInterview with Executive Chairman
Stallion Uranium to Resume Trading on the TSX-V and...
  • Home
HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing
Stock

Fintech is Leading and Providing a Good Hunting Ground for Bullish Stock Setups

by December 7, 2024
written by December 7, 2024

Chartists looking for stock setups can start with strong industry groups. The Fintech (FINX) is in a strong uptrend and leading, but looking extended short-term. While there is no setup currently, we can learn from past setups and apply these lessons to stocks within the group. 

FINX is both strong and extended. The chart shows FINX advancing 53.6% from November to March. It then moved into a long corrective period as the falling channel formed over the next five months. This correction ended with a breakout in late August and the ETF recorded its first new high in mid September. FINX extended further and led the market over the last four months.

Even though FINX shows no signs of weakness on the price chart, it is becoming quite extended because the 10-day EMA is over 20% above the 200-day EMA. The bottom window shows this difference using the PPO(10,200,0). I use this mostly as trend indicator. It turns bullish with a move above +3% and bearish with a move below -3%. These signal buffers reduce whipsaws and catch big trends.

With FINX looking extended, it is time to exercise some patience and wait for the next opportunity. The blue dashed lines show short-term bullish continuation patterns within the strong uptrend. These represent tradable pullbacks. We can use these examples as a guide in the future, and also look for tradable pullbacks individual fintech stocks.  

The indicator window shows %B, which quantifies the relationship between the close and the 20-day SMA. The pullbacks were quite mild as %B dipped below .50 just twice. This means the close was below the 20-day SMA, which is the middle line on the Bollinger Bands. A decline to the 20-day SMA signals a pullback within the uptrend and this is an opportunity, not a threat.

Extended or not, FINX is still a leader and still in a strong uptrend. This means fintech stocks provide a good hunting ground for bullish setups. Pullbacks and oversold conditions provide opportunities. This report continues at TrendInvestorPro where I feature a fintech stock with one such setup. Click here to see the full report and learn more. This week we featured tradable setups in over a dozen ETFs and stocks. 

Click here to take a trial and get two bonus reports!

//////////////////////////////////////////////

0 comment
0
FacebookTwitterPinterestEmail

previous post
NexGen Signs First Uranium Contracts, Will Sell 5 Million Pounds to US Utilities
next post
The Stock Market’s Simmering Rally: Indexes Keep Setting New Highs

Related Articles

Week Ahead: NIFTY Set To Stay In A...

July 5, 2025

Money’s Not Leaving the Market — It’s Rotating!

July 4, 2025

From Oversold to Opportunity: Small Caps on the...

July 4, 2025

Market Signals Align – Is a Bigger Move...

July 3, 2025

MACD Crossovers: Why Most Traders Get It Wrong

July 3, 2025

Should You Buy Roblox Stock Now? Key Levels...

July 3, 2025

Missed Disney’s Rally? Grab This Defined-Risk Put Spread...

July 3, 2025

Pullbacks & Reversals: Stocks Setting Up for Big...

July 2, 2025

Tech Stocks Lead the Charge: What’s Driving the...

July 2, 2025

S&P 500 Earnings for 2025 Q1 — Still...

July 2, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • ‘We want an answer’: They fear their relatives are among the hundreds of bodies piled up at a crematorium in Mexico

    July 5, 2025
  • Synagogue door set alight and restaurant stormed in latest antisemitic attacks in Australia

    July 5, 2025
  • Denmark has long been Euroskeptic. Donald Trump helped change that

    July 5, 2025
  • Joyful Parisians take a historic plunge into the Seine after 100 years

    July 5, 2025
  • A Gaza ceasefire is the closest it has been in months. Here’s what we know

    July 5, 2025
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 hotinvestingpilots.com | All Rights Reserved

HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing