Sunday, March 15, 2009

Wells Fargo (WFC) - head/shoulders in the making? / cabeza/hombros formandose?



English-
WFC - Finds itself against the resistance area and backs down. Notice the possibility of a head/shoulders pattern in the making on this daily chart. Two trades can be thought about with this pattern. The first one to to go short with the target of 11.50-12.00 (area where the neck shoulder should form). The second trade is to wait for the pullback and buy in the 11.50-12.00 area for the run back up to the resistance level (15.00). These stock have run up very high % in the last few days, and pullbacks are expected so to go long now would be very risky.


EspaƱol-
WFC - Se encuentra contra resistencia y se aleja. Noten la posibilidad de una formacion de figura de hombros/cabeza en el grafico diario. Se puede pensar en dos operaciones. La primera es de cortos a estos niveles con el objetivo de los 11.50-12.00 (area en donde el segundo hombro se puede formar). La segunda es de esperar por un pullback a esa area (11.50-12.00) para entrar en largos para el movimiento alcista del segundo hombro. Estas acciones han tenido unos movimientos alcistas en los ultimos dias y comprar ahora tendria mucho riesgo ya que se espera pullbacks.

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