Like nearly all the other financials on Wall Street did NYSE:WFC not enjoy Friday. Gap up above the prior high, but then the turnaround. Which, in combination with the uninspiring volume lately, makes me a shortie with a nice RRR of 4.5. But beware of the earnings on the 16th.
The first impression of the daily chart is quite impressing, looks bullish with gaps up even. But NYSE:GS is on the brink of a reversal. This current intraday turnaround is more or less a confirmation of the one we saw already on 1st of July. Which confirmed the resist in form of the highs we saw in April and May.
GS needs new highs very fast, or we see shorties...
The increase in price from 180 to 240 looks strong. But NASDAQ:TSLA faces a tough challenge now: either we see green candles very fast after the holiday, or it breaks back below the resist between 231-234. In the latter case I short with a risk/reward-ratio of 6.