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PRA Group: Bullish Shark at a Weekly Support Congestion ZonePRA Group is currently trading above a Support/Resistance Congestion Zone visible on the Weekly Timeframe, and at this zone it has formed a decently sized Bullish Shark pattern with a Bullish PPO Arrow as confirmation, and this all happens to align with the all-time 0.786 retrace. If this plays out, I think it could come back up to make around a 0.886 retrace, which would put it at around $60. For further context, PRA Group is a Debt Buyer/ Collector, which is something that furthers my interests in the stock.
NASDAQ:PRAALong
by RizeSenpai
3
Get ready for the next BRRRRR!!!- 30y mortgage interest rate breaking a 40yo trend. - MBB down while being used by big players as collateral. - DXY breaking a 40yo trend (not in the chart) can cause bond defaults around the world. - Fed has only started raising rates. * If MBB keeps going down, might see some marge call and flash crashes in the market. * If MORTGAGE30 keeps going up, will increase the mortgage default, having 2008 back at it. (DRSFRMACBS) * If bond defaults start around the globe (Sri Lanka, Pakistan, Egypt, Kenia), DXY will keep going up, making the US exports dump (12% GDP) + To avoid foreign bond defaults, Fed can make currency swaps with other central banks, to avoid pumping the DXY. + To avoid margin calls and mortgage defaults, Fed can slow down the rate hikes. + To avoid the inflation hitting people's pocket, they might re-launch covid stimmies for "food and gas".
FRED:MORTGAGE30USShort
by tupacamaro2