/biz/ - Business & Finance

>NOTE

Will attempt to keep formatting evident in this post. Analysis for 1 Day, 1 Week, 1 Month intervals.

>For the SEC

I am NOT a licensed broker, and you should consider me an amateur at all times. I am not responsible for any financial losses that may occur if you decide to follow my advice, in any shape, way, or form. Equally, I am not entitled to any financial gains that may be had if you decide to follow my advice, in any shape, way, or form. The goal of providing this advice is to better myself as a trader, and encourage those who participate in /smg/ to have some sort of strategy when trading; to become free of blindly following memes. I encourage fellow /smg/ participants to share their strategy, with hope that all in /smg/ can improve and make it to lamboland. Above all, regardless of your material well being, I pray you accept the salvation of Jesus Christ, so that your spirit may be in lamboland. This advice is freely given, AS IS.

>TA tools, for the curious

Ichimoku Cloud
Heikin-Ashi Candles
MACD
RSI

>BANK UPDATE

>BAC 1D

HA indicator for potential reversal, a green day tomorrow will has potential to reverse trend. A lower low & lower high will result in a continuation of downward trend. Still trading below RED Kumo, no conversion, below base line. RSI & MACD indicate a sideways trade, HA supports. MACD has potential for downward cross.

>Outlook

Indecisive, strong leaning towards a continuation of downward trend. Bearish.

>Recommended strategy

Straddle

>WFC 1D

HA indicator for potential reversal, a green day will is very likely to reverse trend. A lower low & lower high will indicate a continuation of downward trend. Still trading below RED Kumo, no conversion, below base line, 200SMA. RSI indicates overbought, HA supports. MACD divergence small, downward cross likely.

>Outlook

Indecisive, strong leaning towards continuation of downward trend. Bearish.

>Recommended strategy

Straddle