Wells Fargo $WFC is bottoming?It broke the downtrend line got above 50SMA and pulled back under 50SMA till to downtrend line. RSI is just above 50 and if it succeed to hold above the uptrend line the target price will be $30.46
12 month consensus price target is $39.11
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Financialservices
PNC Linear Regression0.94 Pearsons R value, Linear regression strong uptrend. Various chart patterns identified including, two bump and run tops, a double top, and currently forming an ascending triangle with a possible bullish breakout as a result. PNC is currently trading within a strong upward channel.
BB&T Gann ProjectionsUse the low of 0.50381626 ; use the high of 29 & project out from there and these critical levels present themselves
acknowledge the strength of these gann levels
manage your own risk
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snoop
Long ATM Straddle John Deere with LOW IVR = CHEAPWe purchased an at the money straddle for a small debit of only 3.22. This trade is notably cheap because the IVR is extremely low: 2%. Being a long straddle (buying the calls and puts at 165), we are giving ourself unlimited profit, risking a limited $322 per contract.
We take our neutral position because of the positive characteristics of the trade itself, but the fundamental conditions further our thought. With an equity value of over 51 billion, John Deere is a company with significantly large exposure to China, and Chinese trade tensions. Also, interest rates have a somewhat direct effect on the profitability of this corporation. Financial Services comprises 9.2% of Deere's market cap, so as cuts in July become more of a reality, the profitability of the Financial Services division will be affected, possibly drastically. Lower rates mean lower borrowing costs for Deere, and could cause the stock to move outside of the breakevens to lead to profits.
Also, the technicals indicate the high possibility of large movements prior to maturity. The RSI, MFI and Stochastics all indicate an overbought sentiment, and the DMI DI+ and DI- indicate change in direction. The PSaR also has recently switched direction.
QUDIAN INC - NYSE: $QD Buyers Becoming More Aggressive?After recapturing its 200 DMA back in April, QUDIAN INC - NYSE:QD continues to grind its way into higher ground in a slow methodical manner as we can observe from the Daily chart above. While further work is required, we're taking note that Buyers may becoming more aggressive as the stock continues to make higher lows and mild higher highs.
Furthermore, QD presently finds itself trading above all of its important moving averages 20/50/200 DMA's and remains in fine technical shape.
Additionally, when one extends out on both the Weekly and Monthly time-frames, we can also see that QD continues to display favorable technical characteristics. Thus, we have a stock trading in a favorable light across multiple time-frames, which is indicative of a favorable trend, which remains higher.
Moving forward, both investors/traders may want to continue to monitor the action closely and in particular, should QD be capable of clearing the $8.51 hurdle at any time in the days/weeks ahead, such development, should it occur, would likely signal/trigger its next meaningful advance with and objective in the $10 -$12 zone.
Achieve Financial Security through Self DevelopmentSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Achieve Financial Security through Self Development
What skill set will you further develop over the next 90 days?What books will you read? What courses will you take? State specifically your personal development action plan for the 90 days...(your personal development is an ongoing process)............................
Strengths and Weaknesses
1. What are your skills?
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2. Do you tend to be compulsive?
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3. How much social contact do you need?
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4.Can you work by yourself day after day? Do you need other people around you?
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5.What are your psychological strengths and weaknesses? In terms of trading system development?
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6. Do you have deadlines to meet in your trading?
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7. And lots more..............................
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New trade signaled - Buy III LN @ Open3i Group has outperformed the benchmark index and the financial services sector over the past 3 months. The shares bounced sharply yesterday to break the recent losing streak and now look set to reassert the trend. Buy at the open with a stop at 645p and a target of 742p