E Trade Financial Corp (ETFC): Breakout from Falling Wedge

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For my team members.

Buy on Rumours, Sell on News … ETFC is for momentum trading.

ETFC breakout from Falling Wedge with exit price target at about $16.78 (78.6% Fibonacci Resistance).

 

Citadel, the largest investor is pushing for a sales. One analyst estimate the Fair value of ETFC is in the range of $18 to $21.
 
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