CFD Trading – Buy Well Fargo & Company (WFC.NYS) @$48.00. Stop @ $45.60 and Target @ $52.30.

Well Fargo & Company Stock Code WFC.NYS

Outlook

Price broke above the cloud with a large white candlestick, after dipping below the cloud for 2 days during a price correction, which could be a hint of a strong bullish price trend ahead. Price also created an Ichimoku reversal with a price target at $52.30. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend.  MACD is bullish. There was a bullish MACD crossover in the bullish zone, hinting of a bullish price trend ahead. If price is able to stay above the cloud, it could be heading towards the Ichimoku V-shaped price target at $52.30.

Strategy                  

$48.00                Buy

$52.30                Price Target

$45.60                Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Wells Fargo & Facebook Inc

Wells Fargo & Company Stock Code WFC.NYS

Outlook
From the high of $51.43, price had declined to $47.33 two days ago. The low on that day also created a Hammer candlestick chart pattern. This could be a signal the correction of the rally from $43.34 to the high at $47.33 could have ended. This correction was halted at the Fibonacci 50% correction point of the rally from $43.34 to $47.33. As price is still above the cloud and both Conversion and Base lines have not given a bearish crossover, the bullish trend could be intact and the recent decline can be considered a correction. As long as price stays above $47.33, we believe price is likely to test the high of $51.43 and later to $52.42

Strategy
$49.01                Buy
$52.40                Price Target
$47.30                Risk Management Stop
3 weeks              Trade Duration

Facebook Inc Stock Code FB.NAS

Outlook
A price decline since 25th July 2019 may has ended on 2nd Oct 2019 at $173.09. There was a Morning Doji Star candlestick pattern formed. On Friday, price moved above the candlestick pattern high, confirming the reversal in price trend. While price is still below the cloud and both Conversion and Base lines have not given a bullish signal, the candlestick pattern can be considered as an early reversal pattern. MACD has also given a bullish divergence warning, hinting of a potential low. We see a minimum price movement higher to the previous Fibonacci 50% correction point which was also the previous high at $192.92.

Strategy
$179.30              Buy
$192.40              Price Target
$172.05              Risk Management Stop
3 weeks              Trade Duration

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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CFD Trading 25 July 2019

Well Fargo and Company Stock Code WFC.NYS

Outlook

Price broke above the cloud two days ago and yesterday we had a strong green candlestick that followed the breakout. Price also broke and closed above a recent resistance high. Base and Conversion lines are about to show a bullish crossover. These are bullish signs. A downtrend line connecting the high of $52.45 to the recent high on 5th July was penetrated by the strong green candle yesterday as well.  MACD is still bullish and has a bullish crossover as well, confirming the bullish price trend. If price stays above the cloud and continues its uptrend, it is likely to head towards its previous high at $52.45.

Strategy

$48.20 Buy
$52.40 Price Target
$46.40 Risk Management Stop
3 weeks Trade Duration

Morgan Stanley Stock Code MS.NYS

Outlook

Price has moved above the cloud two days ago and yesterday, there was a strong green candlestick that broke above a recent price high resistance as well as closed a small gap that was created back on 13th May 2019. When price broke above the cloud, a gap was created and price has managed to stay above this gap for the past two days. As long as this gap is not closed, the short term direction is bullish and the near term target is the previous high at $48.50 MACD is above the zero line and bullish. Both lines of the MACD indicators are heading higher as well, hinting of more price rally ahead.

Strategy

$45.50 Buy
$48.50 Price Target
$43.80 Risk Management Stop
3 weeks Trade Duration

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