CFD Trading – Intel Corp & Well Fargo & Company

Intel Corporation Stock Code INTC.NAS

Outlook

Price tried to close gap but the rally failed to close the gap and peaked at $53.50. Price declined after that failed attempt. Over the past few days, the decline had dropped below the cloud, confirming a bearish trend. Conversion and Base lines had a bearish crossover prior the break of the cloud, warning of a bearish trend. MACD has turned bearish, with both lines now below the zero line, hinting of further price declines ahead. Price is likely to test the base at $42.86 down to $42.23 and a break of this support zone will trigger a bigger decline

Strategy

$46.30 Short Sell
$42.30 Price Target
$48.05 Risk Management Stop
3 weeks Trade Duration

Well Fargo & Company Stock Code WFC.NYS

Outlook

Price moved below the cloud 6 days ago to start a bearish trend. Last night price moved below a previous low, which could trigger a bigger decline. An Ichimoku reversal had already been triggered when price moved below $45.14. The target of this reversal is at $40.71. Base and Conversion lines had a bearish crossover a couple of day ago which confirmed the bearish trend. Both Conversion and Base lines are pointing downward and the gradient is steep, which is a hint of a strong bearish trend. MACD has turned bearish and is moving down as well, confirming the bearish trend.

Strategy

$43.95 Short Sell
$40.75 Price Target
$45.60 Risk Management Stop
3 weeks Trade Duration

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