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Wellsfargoshort

Wells Fargo Reversing? Wells Fargo Short Term - We look to Sell at 52.76 (stop at 54.67) Preferred trade is to sell into rallies. There is scope for mild buying at the open but gains should be limited. Bespoke resistance is located at 52.00. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 46.89 and 44.53 Resistance: 52.00 / 55.00 / 60.00 Support: 46.00 / 43.00 / 40.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:WFCShort
by Saxo
Wells Fargo: Changing the Trend? Wells Fargo - Short Term - We look to Sell at 51.31 (stop at 53.31) Preferred trade is to sell into rallies. 20 1day EMA is at 51.20. Bespoke resistance is located at 51.00. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 46.00 and 44.53 Resistance: 51.00 / 55.00 / 60.00 Support: 46.00 / 43.00 / 40.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:WFCShort
by Saxo
WFC Short IdeaWells Fargo has earned itself quite the rap sheet over the last 4yrs, and this is only the stuff that they've been caught with. - finance.yahoo.com Q3 & Q4 2019 Earnings both missed expectations, and a lower guidance for 2020 has been provided. If they can maintain expectations at or above their lowered 2020 forward looking guidance, maybe this uncompleted H&S will result in their favor. However, I am not confident that they are not losing customers every day currently and that it won't be reflected in share price within the upcoming quarters. It already is looking like the suspected H&S pattern will complete with a swift down move to follow, only time will tell though. Keeping an eye on this one for prospects of opening a short after further confirmation.
NYSE:WFCShort
by Acitsilos
Well Fargo to drop to $38?Wells Fargo created an HVF pattern starting from around the year 2009 leading up to about 2012. It broke out of the funnel, hitting both targets nicely. It hit perfectly at the main target for its ATH (creating the head for the H&S pattern) then dropping right back down. It is seeming to come to a finish on the H&S pattern and if it breaks the neckline, we could potentially see targets to about $38 or more (about 28% profit from the neckline). Lets see how this plays out over time. Keep in mind this might take some time to hit its targets considering that this is a weekly graph
NYSE:WFCShort
by KennySniper