WEllS FARGO has more to lose but is my bank. I would be looking for a buying opportunity around 48.65, but for now, I'm selling a tiny position on it. Remember Tradingview followers have a half price on Professional Trading Course for the next one in April. Just 25 seats available Learn how to beat the market as Professional Trader with an ex-insider! Have a...
WELL FARGO 11 WEEK HEAD AND SHOULDER BOTTOM FORMED. WAIT FOR THE BREAKOUT CANDLE. TAKE PROFIT: 59 STOP LOSS: 54
#WellsFargo | NYSE: $WFC is experiencing a HUGE #ABCCorrection!
NYSE:WFC Fanning through some charts and saw this pretty nice H&S on WFC. Setting alerts on this one. Happy trading!
WFC has broken the long term correction with a strong impulse. I'm expecting a downtrend continuation to complete a potential 3 wave pattern.
Although the earnings season has already kicked off modestly, a bevvy of financials announce next week: C, JPM, and WFC (all on Friday). I generally don't play these underlyings for volatility contraction around earnings primarily because the implied volatility just doesn't ramp up to the degree I'd like to see for a play. I thought I'd mention them here since...
New bullish credit spread on XLF (financials) for OCT 12! Not this Friday. Solid movement this morning in the market and financials is starting to show strength. Decided to take this move out two weeks to allow for the bottom to confirm and some bullish movement to occur. Entry 27.79 Max profit 28.50 Break even 28.14 0.38:1 risk/reward
The yield curve is flattening in hurry with the Turkey crisis and that is baaad for US banks. JPM is reversing off the top of a well established channel with MACD confirmation. Downside target of $106 gives a potential 7% return. Do note I am not advocating a straight line decline to the bottom of the range. Moves within channels are generally ABCD...
Wells still looks well poised for higher highs. US banks seem to be on a bullish run, so investors and traders might be trying to catch a bargain with this one.
This company is doing better YoY and looks to be a stock set to surge. Wells Fargo has been making some Americanized purchases to try to build trust. Maybe this is one of them. WFC added about 3,211% of TSLX to it's portfolio according to it's May 1st 13F filing. I would wait for a perfect entry or buy now.
APRN went up as expected double digit gains were made!, Personally I would feel better if it goes down more before I buy back because it's a bit extended at this point but yeah this is a gainzta! WARNING Avoid if you don't want to many gains! bullish af
It looks like a nice pattern here, it's going up gradually and then consolidating plenty of room for more gains. APRN is having the same type of pattern gains are being made from these 2 studs!
Should have spotted this one sooner, 53 would have been a great entry point. Now it's getting riskier to enter. 56.15 would be another resistance level for this one, if it surpasses it then clear gainz should occur up to 58.
WellsFargo is constantly bombarded for its foul practises but its share price handled the backlash quite well. As a result of this underlying sentiment to support the share price being in congruence with the technicals, I think this provides a pretty good buy-side opportunity. S/l: $43 T/p: $80
Later in the week, we kick off earnings season with a trio of financials: JPM, C, and WFC,* all of which announce on Friday before market open. Generally speaking, I haven't played a lot of financials in the past, since their background implied volatility never seems to bump up significantly enough. Here, however, with JPM's implied at 32, C's at 33, and WFC's...
Higher High created, now we are seeing a pullback. My long-term target for this stock is $64.00