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WFC - Bearish but Dividend PendingWFC is up about 10% over the last month and even more since Dec of last year, however the weekly price closed down last week, and is now down two weeks in a row. Several bearish indications are suggesting a pull-back in price. However WFC will issue a dividend payment to shareholders on March 1st which is supporting the current price. Overall the WFC price appears to be breaking down/out of a multi-week wedge. I see limited upside and near term downside due to QT effects and overall liquidity issues in the market, and more specifically for WFC due to the reasons listed below. 1. High volume resistance associated with a significant +12% sell-off week of Feb 5th 2018. That week WFC had closing price of $47.57 and a low of $47.35. WFC has tried and failed to move through this area for the last three weeks. 2. Significant sell off at/near current price occurred in early 2020 - associated with 'global liquidity issues' a few months before the COVID crash. Week of Jan 13, 2020 WFC's price dropped over 6% on significant volume, falling from $48.35 to $45.28 adding significant resistance at/near current price range. 3. Trendline resistance - Trendline drawn off Jan 2018 and Nov 2021 highs and other significant trendlines continue to cap current price. Further, mid-line regression trend resistance is in-play as measured off the Oct 2020 low. 4. Potential double top formation. A double top with a re-test of the recent Nov 22 highs is currently in play/occurring for WFC. 5. Bearish Volume Trends - Buyers appear to be exiting in mass on the weekly timeframe. Similar trend as seen in late 2022 and early 2023 when the WFC price dropped by over 20%. Also of note - WFC was one of the stocks that dropped like a rock at the open on January 24th of this year and was "halted" with many trades being cancelled - not exactly sure what happened that day but I see it as a potential sign of things to come. Generally looking for WFC to move down during March 2023 after the $0.30 dividend payment on March 1st. NFA!
NYSE:WFCShort
by Akksujean
Sorry AAPL lovers - the STOCK is set to fall this week The AAPL stock has been moving up really nicely from 125 since the beginning of this year. Unfortunately it has come to a point where the market is telling us it has no energy to move up further. Here is why the stock is set to go down. 1) There is strong resistance at 155.10 to 157.80 2) There is a triple top in H4 with divergence 3) RSI is overbought on H4 and D1. The reality of another round of rate hikes in March (Perhaps another 0.5%) has also spooked the market. Inflation isn't abating with the last one being at 6.4% which was higher than the Fed and market expected so don't be surprised if we see a few weeks of weak stock market movements. As for me, I will go short on the stock with stop losses above 165 and aim for the 125 price range.
NASDAQ:AAPLShort
by JD_TeenTrader
VEDL Stock Retraces to Rejection Area After Breaking SupportVedanta Limited (VEDL) stock has broken below its support level and has since retraced back up to a key rejection area. This rejection area may indicate that the price is being rejected at this level, suggesting that it may continue to move downwards in the near term. Traders and investors should closely monitor the price action around this area for potential trading opportunities. Factors such as news events and market conditions may also impact the price of VEDL stock, and should be taken into consideration when making trading decisions.
NSE:VEDLShort
by TRADING-NASA
EURUSD LONGERTERM (W) SHORTHere's another style of trading it plays upon the overall smart money concepts. Measured Move W/ 7% Extension aligns perfectly with the 88% Fib Mark which its played off of twice previously on the weekly. Looking for the first trade to take us up to entry and the second to drop the price off the face of the chart. Make sure to risk 1% as this will give you up to 38% feel free to grab as many percents as you can! 1. Measured Move Repeat 7% Ext 2. 88% FIb level aligns with Ext 3. 88% fib level played out previously 2x on weekly 4. Long-term Bearish 5. HL - LH, Hl, LH Patterm 6. Broke the previous lows/Now Retracing/looking for next lower high
Short
by jonathancarlucci
3
📉 Short Trade Idea on BTCUSD: Targeting $22,800Hey traders, 👋 I've been analyzing the BTCUSD chart 📈 and I believe it's a good time to open a short trade 📉. My entry point is at $24,630 💰 with a take profit (TP) target at $22,800 💸 and a stop loss (SL) at $27,900 🛑. Based on my technical analysis, I expect the price to decline in the short term before potentially bouncing back up 💻. Hashtags: #BTCUSD #shorttrade #technicalanalysis #tradingsignals #crypto #bitcoin
CRYPTO:BTCUSDShort
by ss7trader
1
AUDUSD Short Trade Idea: High U.S. Inflation and Hawkish FedThe AUDUSD pair is currently under pressure as a result of stubbornly high U.S. inflation and signals from the Fed that interest rates may need to be raised for a longer period than previously anticipated. We are looking to take a short trade on AUDUSD at 0.68977, with a take profit target at 0.67519 and a stop loss at 0.70014. This trade idea is based on the potential for the U.S. Dollar to continue to strengthen, while the Australian Dollar may weaken due to concerns about containing inflation. #AUDUSD #shorttrade #USinflation #hawkishFed #tradingstrategy 📈📊💰
Short
by ss7trader
HAL- Hindustan Aeronautics - Weak structure NSE:HAL Looks very weak in all higher time frames. 1] At Monthly time frame it is a clear Bearish engulfing pattern. 2] At Weekly time frame it is having a head and shoulder pattern. 3] At Daily time frame it is clearly completed a head and shoulder pattern. The volumes are dried during the phase of H&S and started to pick heavily during down days. 4] Neckline is placed at 2300 a clear break down with heavy volume is a must for a Short entry or retest with low volume to neck line after a break down is another low risk entry opportunity. 5] Usually the targets in such pattern is the difference to neckline, in this case it 420 points or 1900. Interestingly the NSE:HAL chart has meaning full support only at 1900. Good Luck
NSE:HALShort
by Vasu_devan