How I Would Trade [PB] - 30 December 2020

Prosperity Bancshares [PB] Profile

Prosperity Bancshares, Inc. operates as a bank holding company for Prosperity Bank that provides retail and commercial banking services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, time accounts; and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural real estate, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides Internet banking and other cash management, mobile banking, trust and wealth management, retail brokerage, mortgage banking, and automated telephone banking services, as well as debit and credit cards. -- From Yahoo Finance

Charts

Monthly -- The monthly chart pattern suggests higher prices in the offing.



Weekly -- The weekly tightens the perspective and suggests if price can get up above $74, you're well on your way.  If you're determined to get short, I would use $75.25 as an upside stop based on this chart.



Daily -- THPZ suggests price will pull back a bit more.  I would look for a new base around the $65 area.



TAOST Specifications



Short Interest [As of 8 December 2020] - Price has run up a bit since this short interest data posted, so don't assign too much weight since shorts have likely covered a bit already. 



As I mentioned above, I would stalk PB for a long setup.  The closer it gets to TAOST Balance Zone [TBZ] the better.

Hope it helps.