Classic Cup & HandleA cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle are considered a bullish signal extending an uptrend and is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference Article:
www.investopedia.com
Moshkelgosha
Sign of weakness and correction!You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
They all have 1 thing in common, price advanced at a lower volume in the past week (except AMZN), while this pattern of behavior could last for a while, in most cases, it leads to a correction!
Tesla also suffers from the same problem!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
A review on top mentioned WSB plays..!In this analysis, I will try to cover 12 Top mentioned tickers on WSB Reddit for the coming week!
Rank 1: TSLA: Elon Musk is going to sell, why shouldn't others do the same?
Rank 2: SPY: correction is highly likely..! 2-5%
Rank 3: CLF: After 17% correction in the past 2 weeks could benefit from the infrastructure passed bill..! (possible bullish move)
Rank 4: GME: After getting out of consolidation reached the primary target and could go sideways for a while!
Rank 5: NIO: This week has earning calls, and I do not know any reliable method to predict the outcome!
Rank 6: QQQ: in premarket it is already negative! possible correction!
Rank 7: NVDA: 300-312 will be the resistance level to watch!
Rank 8: LCID: if manage to pass 44 could go to the 60-64 and become the 6 biggest Automaker above GM and Ford, seems absurd but possible!
Rank 9: PLTR: This week's earnings will push it out of consolidation!
Rank 10: PTON: after disappointing earnings and a 35% decline, it could even go lower to 50-49 level!
Rank 11: IWM: small-caps has just got out of consolidation after 9 months! a pullback could be a possible scenario!
Rank 12: PYPL: after a 27% decline, the earnings call this week could do anything to it. I do not know any reliable method to predict the outcome!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Ethereum will soon pass 5K..!With the current momentum, it will be easy for ETH to pass 5k and the long-term target could be as high as 7200-7700.
This analysis becomes obsolete if ETH closes below 4K.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Next resistance 67 KYou can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Multi-Timeframe Analysis:
Hourly Chart: At the upper border of the upward regression channel (Bullish)
Daily Chart: Getting out of the triangle (Bullish)
Weekly Chart: closing constantly above 60K makes it new support!
Monthly Chart: Rebound from 59K and moving toward 67 k.
Note: what would happen if Elon Musk announces that he sold his tesla share to buy Bitcoin or another cryptocurrency?
Conclusion: I think Bitcoin has shown its power to close above 60K in the past 4 weeks!
now the question is what could be the target?
Scenario 1: Moving Toward 80K:
Scenario 2: 73-77 K
S&P 500, NASDAQ 100, and Dow Jones uniform pattern!The past 24 days were one of the best trading weeks in 2021.
SPX gained +10%, Nasdaq 100 +14% and DJI +8.55 in this period.
However, Today's pattern is not good at all in short term..! I think we will see a correction in the next 1-2 weeks!
SPXU, SQQQ, and SDOW could be a good choice to hedge the portfolio or gain from a possible correction in short term!
What is a Shooting Star pattern?
A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star. If the price declines during the next period they may sell or short.
If the price rises after a shooting star, the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle. (Investopedia)
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference Article:
www.investopedia.com
A closer look at Vale..!Vale is the largest producer of iron ore and pellets and the largest nickel producer. Vale also produces copper, coal, copper, manganese, and ferroalloys and holds equity stakes in some steel producers/projects.
P/E:3.55
Dividend Yield: 9.62%
I think at these prices Vale has its own buyers with long-term views and it is very unlikely to see Vale below 10 USD/Share.
The best strategy could be to wait for signs of recovery!
The expectation for lower China demand in the near future could be the most important factor that causes a -50% price decline!
According to fundamental analysis, 20-21 could be the fair value for Vale!
Conclusion:
keep Vale on your watch list there could be a good idea to open a long position near 10 if it happens in the next few months!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
To the Moon or to the Ground ???In July-August 2021, one of the Wall Street Bets top rank plays was MRNA.
Moderna did a great job in vaccine development, but that bullish move of +130% in 23 trading days was pure market manipulation!
If you think that kind of move will happen again or not, the answer is: It depends on WSB..!
I think a long Bearish-consolidation phase is ahead for Modern..!
and it could go below 200..!
Please check my previous Articles:
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Random walk vs Chaos Theory at AMC Theaters!For those who follow me for the past year, it is almost crystal clear that I do not believe in Random walk theory..!
However, It does not mean that I believe all market moves are predictable!
The stock market is a chaotic system, and follows the chaos theorem principles!
Now let's look at Chaos theory and its principles..!
What is Chaos Theory?
Chaos is the science of surprises, of the nonlinear and the unpredictable. It teaches us to expect the unexpected. While most traditional science deals with supposedly predictable phenomena like gravity, electricity, or chemical reactions, Chaos Theory deals with nonlinear things that are effectively impossible to predict or control, like turbulence, weather, the stock market, our brain states, and so on. These phenomena are often described by fractal mathematics, which captures the infinite complexity of nature. Many natural objects exhibit fractal properties, including landscapes, clouds, trees, organs, rivers, etc, and many of the systems in which we live exhibit complex, chaotic behavior. Recognizing the chaotic, fractal nature of our world can give us new insight, power, and wisdom. For example, by understanding the complex, chaotic dynamics of the atmosphere, a balloon pilot can “steer” a balloon to the desired location. By understanding that our ecosystems, our social systems, and our economic systems are interconnected, we can hope to avoid actions that may end up being detrimental to our long-term well-being.
Don't blame me!
Principles of Chaos
The Butterfly Effect: This effect grants the power to cause a hurricane in China to a butterfly flapping its wings in New Mexico. It may take a very long time, but the connection is real. If the butterfly had not flapped its wings at just the right point in space/time, the hurricane would not have happened. A more rigorous way to express this is that small changes in the initial conditions lead to drastic changes in the results. Our lives are an ongoing demonstration of this principle. Who knows what the long-term effects of teaching millions of kids about chaos and fractals will be?
Unpredictability: Because we can never know all the initial conditions of a complex system in sufficient (i.e. perfect) detail, we cannot hope to predict the ultimate fate of a complex system. Even slight errors in measuring the state of a system will be amplified dramatically, rendering any prediction useless. Since it is impossible to measure the effects of all the butterflies (etc) in the World, accurate long-range weather prediction will always remain impossible.
Order / Disorder Chaos is not simply disordered. Chaos explores the transitions between order and disorder, which often occur in surprising ways.
Mixing: Turbulence ensures that two adjacent points in a complex system will eventually end up in very different positions after some time has elapsed. Examples: Two neighboring water molecules may end up in different parts of the ocean or even in different oceans. A group of helium balloons that launch together will eventually land in drastically different places. Mixing is thorough because turbulence occurs at all scales. It is also nonlinear: fluids cannot be unmixed.
Feedback: Systems often become chaotic when there is feedback present. A good example is the behavior of the stock market. As the value of a stock rises or falls, people are inclined to buy or sell that stock. This in turn further affects the price of the stock, causing it to rise or fall chaotically.
Fractals: A fractal is a never-ending pattern. Fractals are infinitely complex patterns that are self-similar across different scales. They are created by repeating a simple process over and over in an ongoing feedback loop. Driven by recursion, fractals are images of dynamic systems – the pictures of Chaos. Geometrically, they exist in between our familiar dimensions. Fractal patterns are extremely familiar since nature is full of fractals. For instance: trees, rivers, coastlines, mountains, clouds, seashells, hurricanes, etc.
What Is the Random Walk Theory?
Random walk theory suggests that changes in stock prices have the same distribution and are independent of each other. Therefore, it assumes the past movement or trend of a stock price or market cannot be used to predict its future movement. In short, the random walk theory proclaims that stocks take a random and unpredictable path that makes all methods of predicting stock prices futile in the long run.(Investopedia)
Why it is important to know the difference between Randomness and chaotic behavior?
When the First 2 squeezes happened, I asked myself if there will be another squeeze in the future..!
By monitoring the pattern of the behavior of the Meme Stocks and Wall Street Bets, I noticed there are connections between these moves, such as:
-Most of them have relatively high short interest
Then I asked myself if there is a possible time that the squeeze phenomenon has a higher chance of happening?
I found this squeeze behavior has a higher chance of happening just a few weeks before the Quadruple witching phenomenon!!!
Dear Prof. Malkiel,
Your book A RANDOM WALK. DOWN WALL STREET is based on your observation of randomness in the markets, yet there is a transitory phase between these randomnesses that made tons of money to mathematicians like Jim Simons and Edward Thorp.
Jim Simons:
"Efficient market theory is correct in that there are no gross inefficiencies. But we look at anomalies that may be small in size and brief in time. We make our forecast. Then, shortly thereafter, we re-evaluate the situation and revise our forecast and our portfolio. We do this all day long. We're always in and out and out and in. So we're dependent on activity to make money."
Please, Check this watchlist I published on October 29th, and see how many of these 50 stocks have moved more than 10% in the past 3 days!
www.tradingview.com
just a few examples:
Best,
Moshkelgosha
Reference Articles:
fractalfoundation.org
www.investopedia.com
Do Social media Giants find their support level?As you can see in these charts, social media giants have experienced a 20-46% correction in the past 2-4 months!
Now it seems they find their primary support level and may experience a 10% upward move in a short time.
Opening a long position at these levels seems low risk, however, privacy issues may cause lots of problems for these companies!
Looking at their earnings shows disappointing results and this could continue for a while!
Meta (Facebook) has made a huge move and changed its name! Those who are familiar with branding know how big this move is..!
Be careful with PINS earnings today!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Most probable scenarios for OilScenario 1: Sideway between 80-85
Scenario 2: A double top formation and correction to 77-76 level.
This scenario could be possible if oil closes below 80.50 in the next few days!
Heiken Ashi chart: Supports the second scenario:
SCO:
If this correction happens, there will be a 15% gain opportunity in the next 2 weeks!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NIO weekly charts, Logarithmic and None-LogarithmicIn both charts, you can easily see NIO is still below the resistance (red) line!
A correction in Speculative assets with high volatility may look like a new bullish trend.
Recently, the production slips 65% according to news!
NIO reported a horrible month, delivering less than 3,700 vehicles in October. In September, NIO had delivered 10,628 vehicles.
I do not think this type of news could push stocks higher in a long term..!
However, in a few days, anything is possible in the market!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Eyes should be washed, to see things in a different way.Eyes should be washed, to see things in a different way.
Words should be washed
To become the wind itself, the rain itself. (Sohrab Sepehri)
I shared this watchlist on Friday, October 29th, 2021: I mentioned the Short Squeeze Season has just started..!
www.tradingview.com
Today 42 out of 50 stocks on this list are positive! (84%), 1 closed at 0,( 2%), and 7 Negative (14%)!
This 84% is way above 50/50 chance of probability happening!
However, I do not promote longterm investing in these tickers..!
These assets are heavily shorted and when short sellers try to cover their position and this could lead to bullish spirals in some of these tickers!
Be careful, It is also not recommended to invest more than 10% of your trading capital in this group!
These assets are so volatile and their bullish trend will not last long!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
OCGN entered Resistance ZoneIt is most likely OCGN experienced a Short Squeeze by WSB!
On Friday, October 29th, 2021 I mentioned it on my possible short squeeze list and now it is ranked 7 on WSB ..!
For those Who have it, Stop loss on 14.20 could be the safest play!
If you do not have it, after 133% in less than 20 days, it is now very risky!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Important points you need to know about Apple..!Recently, everyone call October "Shocktober" because of what happened in the financial markets!
One of the most important ones was Microsoft surpassing Apple and becoming the biggest company in the world with a 2.48 trillion dollars market cap!
In these charts, you can see the most important support (green lines) and resistance (red lines) to watch in the coming days!
Multi-Timeframe Analysis:
Hourly Chart: Broadening pattern, (Neutral)
Daily Chart: at the lower border of a pitchfork, possible price action!
Weekly Chart: Doji (Neutral)
Monthly Chart: Pullback to the upper border of the triangle and bounce back (Neutral)
Conclusion:
Technical analysis of Apple is Neutral. However, there is another important factor that could cause this in the next 4-8 weeks!
and that is AAPL'ss option trading!
AAPL has the most open interest with a 7.45 million contract, put/call 0.74, and the max pain for the next 8 weeks is between 145 and 150 in most weeks 147..!
Education:
But what is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
The Maximum Pain theory states that an option's price will gravitate towards a max pain price, in some cases equal to the strike price for an option, which causes the maximum number of options to expire worthlessly.
Max pain calculation involves the summation of the dollar values of outstanding put and call options for each in-the-money strike price.
Financial Market is like Onion, it has layers..!(Mosh)
I change the original quote:(Donkey, Shrek 2001)
Shrek is right – ogres and people are like onions, we have layers. Those layers define who we are, define our values, and explain why we do what we do. But, often, most people see the surface, the outer layer, and don't look further.
Reference Article:
www.investopedia.com
the art of Buying the dips..!Here you can see a review on my previous month trades.
I usually like to buy shares when they are trending upward, but recently has changed my strategy for the next few weeks!
My goal is to show you in any market you can find opportunities and you should have different strategies for different market situation!
1- AMZN:
2- GM:
3- PLTR:
4-LAZR:
5- XOM:
6- QCOM:
7- AMC:
8- BA:
9- PFE:
10- TLRY:
Do not rely on one strategy, try to learn different skills and their usage!
Not all trading setups are good for every market situations!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Boeing taxiing on the runway once again..!This is a very important support level and could lead to a low-risk price action trade!
There is a good chance BA move to 225, however, if it broke below 24.60, it could go down to 190-195 level.
Entry: 206
Stop loss: 204.59 (190 long term)
Reward/Risk: 13.5
Target range: 225
Time Frame: 2-4 wks
Possible gain: 9.2%
Possible loss: 0.68%
Position size: 5 % of trading capital
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
IBM an opportunityfor long-term investors???IBM :125
Market cap: 112 B
P/E:23
Dividend Yield: 5.21%
Currently trading at the bottom of a bullish regression channel (-3,+3).
In the past, it touched this level and each time bounced back +50%..!
The fundamental fair value estimation is 142-172 USD/share which is very likely to happen in the next trading year.
However, in the past 5 years, IBM showed that it could easily slip to 90-100 USD/share and no matter how good this company is, The price pattern says there will be better opportunities to buy IBM in the next few months!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
AMC is very low risk entry now!No one can talk about Short Squeeze and not talk about AMC..!
17.97% short interest, puts AMC on the list of potential squeezes!
Entry: 35.5
Stop loss: 33.73
Reward/Risk: 5
Target range: 44
Time Frame: 6 wks
Possible gain: 26 %
Possible loss: 5.21 %
Position size: 5 % of trading capital
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Short Squeeze Season has just started..!Here I provide the list of 50 stocks with high short interest % that could be the target for the Wall Street Bets and other Short squeezers!
www.tradingview.com
I explained this phenomenon in detail in my previous posts!
If you are willing to read more, you can check these posts!
You can find all the information you need about, short interest, a short squeeze, Gama squeeze, and quadruple witching in the following articles:
2- 4.5% Correction in the Next 2 weeks!United States GDP Growth Rate QoQ was released yesterday and it was 2%, much lower than the previous 6.7%.
This is the lowest number since September 2020, and it becomes more important when you know in 2021 the lowest number was 4 and it was between 4% and 6.7% in the past 9 months!
This could not be a positive sign for the market..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
This is the power of Wall Street Bets..!Lucid told investors in July that it expects to produce 20,000 Lucid Air sedans in 2022, generating more than $2.2 billion in revenue, according to an investor presentation.
Now its market cap has passed Ferrari and became the 12th biggest automaker in the world!
This is happened because of WSB, not fundamentals!
Taking a position against this seems very risky,
the Best Strategy for those who have it could be cashing out the main capital and keep the free stocks and see what is going to happen!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Wells Fargo at the resistance!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 an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.