The Governor and Company of the Bank of Ireland provides a range of
banking and other financial services to consumer and business banking
sectors in Ireland and internationally. The company operates through
Retail Ireland, Bank of Ireland Life, Retail UK, and Corporate and
Treasury segments. Its deposit products include current accounts,
checking and time deposits, and certificates of deposit. The company’s
loan products portfolio comprises loans to customers, including
overdrafts; installment credit and finance lease receivables; mortgage
loans for house purchases; home improvement and secured personal loans;
credit cards; property and construction, business, and other services
loans; and term loans, project, structured, commercial, and leverage
acquired finance, international asset financing, leasing, installment
credit, and invoice discounting.
Please take a look at the 1-year chart of IRE (The Governor and Company of the Bank or Ireland) below with my added notations:
IRE rallied nicely to start off the year, but has since then given it
all back. Along the way, the stock has found support and resistance
areas primarily at the levels of $14, $16, $18, $20 and $22 (blue). Each
of those prices has been either support or resistance, or even both,
multiple times. The stock is now trading between the $14 and $16 levels.
The Tale of the Tape: IRE is currently trading
between $14 and $16. A long trade could be made on a pullback to $14 or
on a break above $16. A short trade could be made at $16 or on a break
below $14.
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