An overview of the financial sector etf, XLF, along with the technical outlook for the largest financial stocks. The following securities are discussed in this order: XLF, BRK.B, JPM, WFC, BAC, C, GS, USB, MS & AXP along with key support levels & price targets.
An overview of the financial sector via XLF & several of the leading banks & financial institutions and where they are likely headed in the coming months. Discussing in the following order are: HSBC, XLF, BRK.B, JPM, WFC, BAC & C.
WFC (Wells Fargo & Co.) closed at 53.22 on Nov 14th above the suggested stop for a loss of 4.2% on the trade. With the stock failing at the T1 level (now resistance) from the previous short trade back in 2015 which went on to hit the final target for a 14.2% profit coupled with [...]
The following video provides an update on all of the recent official short trade ideas on Right Side Of The Chart, including all Active Short Trades as well as a few that had recently hit one or more profit targets or exceeded their maximum suggested stop. The following trade ideas are covered in this order: [...]
WFC is trading at long-term support while at oversold readings that have historically preceded significant rallies in the stock in both bull and bear markets (green arrows). 10-year weekly chart: WFC weekly Feb 11th On this 4-year, 2-day period chart, WFC testing key support with some potential positive divergences setting up on the [...]
WFC (Wells Fargo) gapped below the final target yesterday to open at 49.00. As any standing BTC limit orders at the final target of 51.77 would have been bypassed & filled at the opening gap price (limit orders to buy/sell a position are filled at the limit price or better). This resulted in a 14.2% [...]