8/31/22 XLFSPDR Select Sector Fund - Financial ( AMEX:XLF )
Sector: Miscellaneous (Investment Trusts/Mutual Funds)
Market Capitalization: $ --
Current Price: $33.05
Breakout price: $33.85
Buy Zone (Top/Bottom Range): $32.85-$30.65
Price Target: $38.00-$38.80
Estimated Duration to Target: 132-137d
Contract of Interest: $XLF 1/20/23 35c
Trade price as of publish date: $1.23/contract
Banksector
1/30/22 WFCWells Fargo & Company ( NYSE:WFC )
Sector: Wells Fargo & Company (Major Banks)
Market Capitalization: 210.571B
Current Price: $54.19
Breakout price: $54.40
Buy Zone (Top/Bottom Range): $54.10-$51.60
Price Target: $58.90-$59.40 (1st), $65.40-$66.20 (2nd)
Estimated Duration to Target: 43-47d (1st), 100-105d (2nd)
Contract of Interest: $WFC 3/18/22 55c, $WFC 5/20/22 55c
Trade price as of publish date: $2.09/contract, $3.25/contract
Trading Idea #WFC (LONG) 📈 58.50! (WellsFargo)👋 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 recommend BuyStop 51.10 or BuyLimit 48.60 with SL ~ 42.00
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❓ I would be glad to see your comments, what do you think about this?
DISCLAIMER:
This idea is not a trade recommendation, it has an informational purpose. The trader independently analyzes and decides whether to use this information.
Banknifty - Important levels for 6 May 2021Banknifty price structure still looks weak to me, and we could see another 1000 points fall in the coming week.
Immediate support I see is around 31600 levels.
Immediate resistance is around 33200.
Expecting High Volatility in the coming week, plan your trades carefully.