It seems Banks will correct in the coming days..! Considering their weight it will affect the S&P 500 and Dow! You can see the most important support(green line) and resistance (red line) levels. Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m...
Smart money sell-off before earnings! Looking at charts and the option data I'm convinced a c10% correction is imminent! You can see the most important support(green line) and resistance (red line) levels. Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer....
Wells Fargo shares gained nearly 15% so far this year ahead of its fourth-quarter earnings, which is expected to enjoy better loan activity and a higher net interest income than that seen in early last year due to favorable industry trends. The fourth-largest U.S. lender is expected to report its fourth-quarter earnings of $1.11 per share, which represents a...
it seems Banks stocks have finished their correction and started a new rally! Keep them in your portfolio during high inflation times! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial...
Please review the analysis published on November 4th, 2021: Title: Negative days ahead for banks! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an...
It seems Banks have run out of steam and in the near future, they will make a correction or go sideways! BAC: Fails to close above 48.50 WFC: Got rejected from resistance level and may retest 46 in the coming days C: struggling at the support line MS: pure consolidation between 96-106 JPM: 2-3% correction is expected! GS: could retest 370 level once again! You...
If WFC breaks this support line then it's confirmed trend reversal to the downside. I only enter trades once they meet my conditions. Would prefer to enter a leap put options on this one and ride the fall out as WFC is a bit of a slow mover. Slow-moving stocks require long expiry contracts to medicate theta decay. So set an alert for that support line.
Woah! What happened yesterday? Looks like we sold off due to the news of an {1}Evergrande fail. With the reports of inflationary rates hitting their highest of all time at a whooping 6.2 percent, not heard of since the 1990's. With the supply chain waning, prices of average goods are up. All you need to do is look in the plastic bag of your local grocer to see...
Does WFC have enough energy to pass above the resistance? I think it is less likely, volume does not support this idea! The higher it goes the lower the volume, it seems to move toward lower prices in the coming days! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor...
Entry price: 48-50$ Target price: 54-55$ Chart pattern: Bullish symmetrical triangle. The price just broke the upper boundary of triangle and retested that level as a support. Moreover, the price breakout was confirmed by increased volume. RSI: Neutral, approaching 60 level, thus, there is still a potential for the future growth. Conclusions: Chart pattern and RSI...
Long to 54…. EOY I hope. Maybe January since Feb is the worst month for markets. I’ve got over 500 calls between Jan 2022 and Mar 2022 at 50 strike. Just a trend… do with it as you please.
Price action describes the characteristics of a security’s price movements. This movement is quite often analyzed with respect to price changes in the recent past. In simple terms, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying...
👋 Hello Traders! In this video, I analyzed #WFC in detail. I bring to your attention one of my orders. 📈 #WFC went down for a long time (MN1) and only in May WFC broke through the downtrend and formed a new uptrend. WFC completed the correction in June and broke through the new level 47.45. Now the WFC is going up to three levels 54.30, 58.50 and 65.35. 🎯 I...
FXCM's USBANKS basket is in the bearish area on the daily chart on the left. The basket is an equal weighting (20% each) of JPM, BAC, WFC and C. A bearish cross of the EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase the chances of a successful...
If you sort the market based on the YTD performance Financial sector would be the front runner in 2021..! Although big banks' stocks are traded at slightly lower prices these days, they outperform most tech stocks and major indexes in 2021..! this could be an alarming sign for S&P 500..! NYSE:JPM NYSE:BAC NYSE:WFC NYSE:GS NYSE:C ...
Hello! Friends, -This would be a great Buy Opportunity, IF NYSE:WFC breaks up the Daily Resistance line at $47.30 (with a WHOLE DAILY Candle) !!
I like to challenge the "common wisdom of the crowds" on my channel. Today I did a side by side comparison on two asset classes that according to different wisdoms will appreciate due to inflation and rising rates. The winner Year to Date may surprise a lot of new investors.