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Sunday Update for Week of November 12th – A look at Financial Stocks

A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. This weekend, we take a look at financial stocks as the federal reserve announced this week that they would continue to increase interest rates. As interest rates increase, this helps banks and other financial institutions with their margins and income.  

Bank of America (BAC): Daily vs. Weekly

Video Analysis:


Wells Fargo Corporation (WFC): Daily vs. Weekly

Video Analysis:


Goldman Sachs (GS): Daily vs. Weekly

Video Analysis:


Before and After: INFI

In this weekend’s “Before and After”, we take a look at how INFI bounced perfectly off the wedge resistance two days in a row. After the price bounced off the SMA (20) last week, the price immediately gapped up over the next two days and opened right at the trendline resistance. 

Before

After

 


Timestamps Captured This Week

BPMX

NAK

HTGM

 

 


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REMEMBER: These are charts that have interesting technical setups based on automated technical indicator analysis included. Charts and analysis provided for educational reasons only. TRENDSPIDER IS A CHART ANALYSIS PLATFORM. IT IS NOT INTENDED TO BE TRADING OR INVESTING ADVICE. ALWAYS DO YOUR OWN DUE DILIGENCE USING MULTIPLE SOURCES OF INFORMATION AND/OR SEEK THE ADVICE OF A LICENSED PROFESSIONAL BEFORE TRADING OR INVESTING. Please read our full risk disclaimer on our website by clicking here.