Not highly confidential if the pull back is done. But overall structure looks clean.
The currencies market has been slow the last two weeks. This is where having a stock/equities portfolio comes in play. Short term wise, we do have a sell opportunity on Wells Fargo, WFC. Fundamental analysis 1) Revenue has been growing, but net income has been falling; 2) Operating cash flow and FCF dropped drastically; and 3) Both ROA and ROE has been...
WFC is testing the top of a consolidation range before earnings. WFC has been consolidating since it broke below a weekly uptrend line. Bearish? Short as long as below 60$ Bullish? Buy the breakout?
Notice the Sell Zone shown in this chart
On May 5, 2017, the Wells Fargo & Company WFC 50 day moving average crossed below its 100 DMA. Historically this has occurred 61 times and the stock does not always continue to drop. It has a median loss of 4.438% and maximum loss of 23.427% over the following 24 trading days.. When we take a look at other technical indicators, the relative strength index (RSI)...
I told you guys I couldn't afford two trades going against me. Am I worried about my WFC bull spread? A little. NOT because I think WFC is on a downward spiral BUT because I don't know if it'll get in my range in time (53ish). It won't stay down for long that I do know. I just hope it does it in time. I have a lot of trades going against me. WFC, HLF, and EBAY (I...
Today I opened a bull put spread, due to high volatility. Its a 125/125 Dollar reward/risk trade so its small but I would never say no to $125. High volatility due to this dropping like a rock the past couple of days due to bad news after bad news. BUT not due to fundamentals. The estimate for earnings (on 4/13/17) BEFORE MARKET OPEN is .97 which is lower than...
clearly in the monthly supply, Short if it goes below.
WFC gave a nice signal to go long here, when retesting the prolongation of the earnings support to the left (dashed line). I'm adding gradually over a week in this zone. I currently hold a 1.5% account position, since I think we might take a while to take off, but we will most likely see a continuation of the Trump induced rally, and as Tim West pointed out in the...
FUNDAMENTALLY: BAD SITUATION ALREADY - HOW MUCH WORSE CAN IT GET? Poor business and regulatory practices are being investigated at WFC. This bodes negatively for the bank, as there is already an admittance of wrongdoing. Such situations have taken a while to sort out in the past (see GS, Citi, DB, BNP, etc.) and have resulted in substantial settlement amounts. The...
I am in no way certain here, but considering WFC's recent...mishaps... the corporation screams "go long!!" to me... I see equity in rebirth so to speak. I drew in some general support (S1, S2, S3) at 47.10, 45.33, and lastly at 43.56. My S1 level was smashed through on Sep. 13... S2 held up for a bit, but was broken through on Sep. 26... S3 acted as a strong...
CITI BANK IS ALSO A SHORT CANDIDATE FOR BANKRUPTCY. DON'T KEEPA NY HOPE AND IF YOU ARE BANKING WITH THEM CLOSE THE ACCOUNTS.
Well looks like HSBC is hovering 2009 financial crisis. Time has come to short them again to go to zero or so. Red line will act as resistance line. Time to re-enter.
Black line a Temporary bounce after hitting the black line but most aggressive manipulators can hold for the below line for max profit. There will be a strong bounce once hits this Red support line but once broke it will go down to $4 or below. Take out profit and go short after few weeks. =============================== At least this is the start of the another...
WFC has been unable to gain 50.5-51 resistance for months now, and the chart may indicate that it is time to retest lower. the last weekly level retest was 44.59, which bounced strongly and reversed. if 46.6 is lost, we should look towards 43.2 for next support test. Lower still is 41.65 and 38.03 as well as others, but these levels may not apply for some time
I am seeing bullish ascending/asymmetrical triangles forming on BAC and C, and rising wedges on WFC and JPM's hourly charts. Predicting positive reactions to economic data and interest rates in the upcoming weeks.
CNBC has loved to refer the recent pullback in the SPX as the "Dimon Bottom" because CEO Jamie Dimon purchased roughly $26 million worth of JPM shares. However, it's not looking for those wanting to hold to believe in the recovery dream. Whether investors want to believe it or not, the U.S. economic cycle is rolling over; and, considering the very high...