WFC short - bearish retestWFC looks bearish.
The rising wedge broke down and it's likely to see more downside on WFC.
Enter short position at the bearish retest.
Targets are shown on the chart.
Invalidation of the thesis would be if the price comes back and closes successfully above the upsloping resistance .
Wfcbuy
WFC Wells Fargo & Company Options Ahead Of EarningsAfter the last price target was reached:
Now looking at the WFC Wells Fargo & Company options chain ahead of earnings , i would buy the $42.5 strike price Calls with
2023-7-21 expiration date for about
$$1.02 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Wells Fargo at 61.8% Fibonacci RetracementWells Fargo - Short Term - We look to Buy at 51.28 (stop at 49.63)
Preferred trade is to buy on dips. Previous support located at 51.00. We have a 61.8% Fibonacci pullback level of 51.49 from 46.04 to 60.30. The medium term bias remains bullish. Expect trading to remain mixed and volatile.
Our profit targets will be 56.06 and 59.10
Resistance: 57.00 / 60.00 / 65.00
Support: 51.00 / 47.00 / 40.00
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WFC - STOCKS - 11. OCT. 2021Welcome to our Weekly V2-Trade Setup ( WFC ) !
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4 HOUR
Bullish break above main sr level..
DAILY
Expecting more bullish pa!
WEEKLY
Great midterm long entries.
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STOCK SETUP
BUY WFC
ENTRY LEVEL @ 47.36
SL @ 44.78
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN