Key Observations 1. The chart illustrates a Descending Triangle breakout, where the price has successfully moved above the descending trendline, confirming a bullish continuation. 2. The breakout has brought the price above the horizontal resistance zone at $115, which now acts as support. 3. A retest of the breakout zone ($115–$116) could provide an ideal entry opportunity for buyers. Strategic Implications Monitor the price action closely around the $115–$116 level for signs of a successful retest. If the support holds, it may lead to further upside, with the next target zone around $130–$140, aligning with previous highs. Use a stop-loss below $110 to manage risk effectively, as a breakdown below this level would invalidate the bullish setup. Look for volume confirmation during the retest to reinforce the strength of the breakout.
We finished the green structure, and might just be in the means to set up the orange structure. i see a nice shorting opportunity here to bring us down to the purple correction level, which is the point in the charts i plan on entering my long position for the coming months.
In this second part, the Crude Futures Daily chart is used. In this chart, there are marked points where the SuperTrend Buy signal is triggered and is coincided by a green Rate of VolDiv (RoVD, bottom panel). There is one on 8 October but there was no comcomitant indication and clearly it "failed". The others that fulfilled the condition are marked with a yellow time line. So clearly, the recent breakout is projected to have something similar in terms of a bullish rally. This is in line with the weekly outlook. Together with technical indicators like the RoVD, as well as the MACD where there is a clear breakout support, Crude appears to have much upside potential. However, there is no rush as it just met the trendline resistance and is expected to pull back a bit to retest and breakout again for the longer term. Overall, this looks not like a spike out of fear, but one spurred by inflation. This is in the MUST WATCH list for sure and an accumulation plan should be in place. A projected path is drawn as a guide and the target for Crude is 100-105.
For traders looking to capitalize on short opportunities, it’s essential to evaluate the market using technical signals. Here are four critical indicators suggesting it might be time to consider shorting: Weak Volumes Volume is one of the most reliable measures of market strength. When an asset is trading on low or weakening volumes, it indicates a lack of conviction among buyers to push the price higher. This could signify a potential reversal or that upward momentum is running out of steam, providing a signal for short-sellers to take notice. 50 MA Acting as Resistance The 50-day moving average (50 MA) is a widely followed indicator in technical analysis. When the price approaches the 50 MA from below and fails to break above it, the line acts as a resistance level, signaling a potential barrier for further upward movement. Upper Bollinger Band Line Bollinger Bands are used to measure market volatility and overbought/oversold conditions. When the price hits or hovers near the upper Bollinger Band, it often suggests the asset is overbought and may face downward pressure. Combined with other bearish signals, this strengthens the short bias. 50% Fibonacci Retracement Level Fibonacci retracement levels are crucial for identifying potential reversal zones in an asset’s price movement. The 50% retracement line is a key level where many traders expect the price to encounter resistance during a correction within an overall trend. If the price struggles at this level, it’s often seen as confirmation of a bearish move. Be Cautious! My mantra is to never short, but this time, I’ve decided to enter the trade alongside this analysis. I opened a position on the SOL/USDC pair with 25x leverage, a total size of $309, and a margin of $15. However, please note that SOL is fundamentally strong and could defy all the technical indicators mentioned above.
Hello, Wells Fargo & Company is a financial services company. It provides a diversified set of banking, investment and mortgage products and services, and consumer and commercial finance, through banking locations and offices, the Internet www.wellsfargo.com) and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in countries outside the United States. Its segments include Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking, and Wealth and Investment Management. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. Commercial Banking products and services include banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management. TECHNICAL ANALYSIS- Checklist 1.Structure drawing (Trend line drawing on past price chart data)- As shown below 2.Patterns identification (Naming patterns on past price chart data for future wave)- The price is currently correcting & filling the Nov 5th gap. 3.Future indication (Reading indicator for future wave)- 0 crossover on MACD. 4.Future wave (Drawing on future price chart using future indication from indicator)- As shown 5.Future reversal point (Identifying trend reversal point on price chart using structure)- Target price $90 https://www.tradingview.com/x/IogeEKkk/ FINANCIAL SUMMARY BRIEF : From 2018 to 2023, total revenue increased overall from $96.25 billion to $116.22 billion, though it dipped in 2020 and 2022; net interest income fluctuated, starting at $49.99 billion in 2018, dropping to $35.78 billion in 2021, then recovering to $52.38 billion by 2023; meanwhile, net income was highly variable, peaking at $19.55 billion in 2019, significantly dropping to $3.38 billion in 2020, before soaring to $1.914 billion in 2023. https://www.tradingview.com/x/8KCSnEw5/ Risks to consider •Revenue growth has become challenging at Wells Fargo. Though the Federal Reserve cut the interest rate by 50 basis points in September 2024, the bank’s Non-Interest Income may continue to face challenges in the near term as stabilizing funding costs might take time. The company is trying to increase fee-based income sources, but it will take some time to reflect in its financials. Hence, top-line growth is less likely to improve in the quarters ahead. Q3 EARNINGS SUMMARY (Date of release 11.10.2024) (Next report date Jan 15,2025) •Wells Fargo reported a net income of $5.1 billion down from 5.7 billion in the same Quarter last year 2023. •Total revenue decreased to $20.37 billion, down from $20.86 billion in Q3 2023. •Non-interest expenses were slightly reduced to $13.07 billion, compared to $13.11 billion a year earlier. •The provision for credit losses was reported at $1.07 billion, down from $1.20 billion in Q3 2023. •Average loans were $910.3 billion, a decrease from $943.2 billion. •Average deposits increased slightly to $1,341.7 billion, compared to $1,340.3 billion. •The bank repurchased 62 million shares, totaling $3.5 billion in Q3 2024. •Return on Equity (ROE) was at 11.7%, down from 13.3% in the prior year. •Return on Average Tangible Common Equity (ROTCE) decreased to 13.9%, from 15.9%. •Consumer Banking and Lending revenues decreased by 5%, primarily due to lower deposit balances. •Commercial Banking revenues showed a slight decline of 2%, while Corporate and Investment Banking revenues remained stable. •CEO Charlie Scharf highlighted ongoing investments in diverse revenue sources, with fee-based revenue growing by 16% during the first nine months of the year, largely offsetting net interest income challenges. Our recommendation Wells Fargo reported third-quarter earnings of $5.1 billion, which included a one-time loss of $447 million ($0.10 per share) due to adjustments in their investment securities portfolio. Despite this setback, the bank's strategic realignment is expected to bolster future interest income. Over the past year, Wells Fargo's stock has corrected -12% since November 2024 giving us a great entry opportunity. Key to note is also that Wells Fargo’s Share Repurchase has been performing a share repurchase program. In the reported quarter 3 2024, Wells Fargo repurchased 62 million shares, or $3.5 billion, of common stock. From a technical perspective, the recent correction in the Wells Fargo & Company stock provides a perfect entry point for this stock. The stock has approached its moving averages, which often signals potential support levels. Additionally, there's an anticipation of a zero crossover on the MACD (Moving Average Convergence Divergence), an indicator used to spot changes in a stock's momentum, suggesting a possible shift from bearish to bullish trends. This combination of technical signals indicates that the stock might be at an advantageous point for entry. Our target for this stock is at USD 90.14 with a buy at USD 71.31. Looking ahead, external factors like the election of Donald Trump and Republican control of Congress present potential opportunities for the U.S. banking sector, evidenced by a post-election rally of over 10% for many bank stocks. While valuations in the sector range from fair to slightly overvalued, easing capital regulations—such as the revised Basel III proposal that lowers capital requirements for large banks—could spur balance sheet growth, profitability, and shareholder returns. The proposed law revisions to reduce capital requirements and a more conducive environment for mergers and acquisitions could enhance profitability and shareholder returns. Our recommendation is Buy on this stock.
Roche has found support at a weekly order block after correcting downwards following the previous impulsive move up from the May lows. A long can be entered now targeting the previous swing highs at 294 and 333, with a stop loss at 243.
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Und Call of Duty soll Start-Titel werden! Laut dem Insider Hope hört die neue Hardware aus Redmond auf den Namen Xbox Prime und soll bereits im kommenden Jahr auf den Markt kommen. Pünktlich zum Start soll außerdem ein neues Call of Duty-Spiel erhältlich sein.
Reed Richards ist einer der hellsten Köpfe des Universums, aber selbst ein Genie seines Ausmaßes hätte den interstellaren Zwischenfall mit dem er und sein konfrontiert wurden und der ihnen ungeahnte Kräfte verlieh, nicht vorausahnen können. Die zellulare Elastizität von Mister Fantastic gestattet es ihm, seinen Körper jenseits physischer Grenzen zu dehnen. Doch jetzt muss er seinen Verstand über seine bisherigen Grenzen hinaus öffnen, um das Timestream Reintegration Device zu bauen, mit dem er diese überdimensionale Krise beenden könnte
Die Fantastic Four schließen sich Marvel Rivals an! Der Startschuss für Season 1: Eternal Night Falls fällt am 10. Januar 2025. Die Dunkelheit ergreift von New York Besitz und Doctor Strange steckt aufgrund einer Zeitschleife auf einer Astralebene fest. Die Seiten des Darkholds sind überall verteilt. Dracula und Doctor Doom stören den Orbit des Mondes und hüllen die Stadt in Dunkelheit, woraufhin eine Armee vampirartiger Kreaturen über sie hereinfällt. Die Welt steht am Abgrund, doch da tun sich die Fantastic Four mit anderen ikonischen Marvel-Helden und -Heldinnen zusammen, um in einem epischen Kampf die Finsternis mit Wissenschaft zu besiegen. Stellt euch mit den Fantastic Four Dracula in Marvel Rivals in den Weg!