Today, 10,000+ WFC Mar 20 $56 calls traded with the vast majority being bought for $0.35-$0.45 each, against no previous open interest. For every put that traded in the session, 2.5 calls traded (18,568 total). Talk of a Fed Funds rate hike later this year is bullish for financial companies like Wells Fargo and the stock remains relatively inexpensive. WFC...
Maybe a little labour intensive for some but a safe way to book profit without much risk. Buy and sell in 2 units at support and resistance. Move stops to protect positions. Take one unit profit at either support or resistance. Wait for break out in either direction. Repeat until breakout. Or leave it alone if it looses it's neatness and starts getting...
$FAS is testing the bottom of a weekly channel. Critical support zone to watch but on the longer term, I'm bearish
I saw some analysts saying the $GS is cheap before earnings. Last week we saw a weekly bearish engulfing candle (Outside bar). This week we see trend line breakdown and a close below the 180$ resistance zone. Even if $GS will bounce from a good report, can you really call it a "Buy"?
The divergence between oscillator and price movement ended the up-trend started June, 2013. The price recently tested the long term support in 19.800 area, without confirming the break. The index is expected to approach the 19.600 area on the long term support, and then starting again towards higher levels. The advice is to wait until the price reaches 19.600...
Bank of America lags behind the market, ant usually that indicates some weakness. Key level in this action is $15.30, the breakdown of which previously led to a drop to $14.85. Now it acts as a resistance and underneath a bear flag has been formed, breakdown of which will attract more sales. Potential entry points are marked on the chart with orange bands.
NBG Long term Chart: I strongly believe we are currently in a corrective wave 2 of a long term wave C pattern that should complete near the fall, end of the year. What I previously thought was an expanding diagonal () now appears to be a double zig zag corrective wave 2. If A=C in the corrective zig zag, then we can retrace as far as 2.95, but using...
Industry is underperforming the S&P Double top was formed losing upside momentum The industry index has recently squeezed and had a breakout lower 2 days ago