WFC.B trade ideas
Wells Fargo bearish Cypher short tradeWells Fargo has reached the PCZ of a bearish Cypher, with bearish divergence on the oscillators.
Don't let it fool youIt's not a cup-n-handle; this ticker does this pattern continually for some odd reason. I would treat it as resistance instead; but hey it's just my humble opinion.
Good luck out there!
WFC punting a tiny short position here to hedge investments in the situation the market doesn't like the repo madness and countless other problems.
I would not be surprised to be stopped out and see this go to $55 but the S&P500 is at ATH and the risk:reward for shorting US stocks is therefore high.
WFC bear channelWFC is in a bear channel and it's right at the resistance.Look to sell after the counter trend line break in 1h
WFC Share prices breaks 45.45 barrier WFC - Wells Fargo share prices have a similar path as its peers but more aggressive since stepping into the price channel and making higher highs and higher lows as indicated on the chart. Share prices fell in the opening trades on Tuesday from its previous close at 46.55 to around its lows at 45.45; however, share prices recovered some of its losses and closed the session above 46.09 down 1.03%.
WFC share prices have shown lots of determination in the last two weeks pushing prices up, breaking resistance, and holding above a strong resistance trend highlighted in red on the chart. Share prices need to remain above 45.44 to continue its recovery.
WFC In Falling section of high risk & low profit 19-JUL
www.pretiming.com
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
Forecast D+1 Candlestick Color : RED Candlestick
%D+1 Range forecast: 0.9% (HIGH) ~ -0.7% (LOW), 0.0% (CLOSE)
%AVG in case of rising: 1.2% (HIGH) ~ -0.6% (LOW), 0.5% (CLOSE)
%AVG in case of falling: 0.7% (HIGH) ~ -1.5% (LOW), -1.1% (CLOSE)
Wells Fargo looking southLike nearly all the other financials on Wall Street did NYSE:WFC not enjoy Friday. Gap up above the prior high, but then the turnaround. Which, in combination with the uninspiring volume lately, makes me a shortie with a nice RRR of 4.5. But beware of the earnings on the 16th.
WFC SHOWN A CLEAR H&S PATTERNFRIENDS WE SAW A SUCCESSFUL HEAD AND SHOULDERS PATTERN NOW IF THE PRICE GONE BLOW THE SUPPORT LEVEL 43.69 SO THEN IN MY OPINION FASTLY IT WILL TOUCH THE NEXT SUPPORT LEVEL OF 31.50.
WFC Possible Earnings PlayMassive H&S
Fed Cap on Growth
Interest Rates Decreasing
Cannot Recruit Proper Talent
Warren Buffet Selling
Customers Leaving
Puts? :) NYSE:WFC
Wells Fargo (WFC) buy signalsWells Fargo (WFC), Weekly chart: Mirror level + Extended divergence on RSI(14)
Daily WFC forecast analysis report by Supply-demand strength.03-Jul
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed from a strong selling flow to a suddenly strengthening buying flow.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.7% (HIGH) ~ 0.2% (LOW), 1.3% (CLOSE)
%AVG in case of rising: 1.4% (HIGH) ~ -0.5% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -1.3% (LOW), -0.6% (CLOSE)
WFC Head and ShouldersWFC has developed a head and shoulders pattern on its weekly chart. Each shoulder has made up 1/3 the range ($6) of the head, which is typical. Typically if this breaks down out of the head and shoulders pattern, we can look for 1/3 range to the downside which would put us in resistance right around the $41 to $39 range.
Daily WFC forecast timing analysis by Supply-Demand strength21-Jun
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.2% (HIGH) ~ 0.0% (LOW), 0.8% (CLOSE)
%AVG in case of rising: 1.3% (HIGH) ~ -0.5% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -1.2% (LOW), -0.6% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
this one is my long term investment.. no stop out, only long!this one is my long term investment.. no stop out, only long!
Breakout ConfirmationThe weekly candle closed verifying the breakout of a bull flag previously mentioned (see linked below).
Wells Fargo Short PossiblityThe chart shows a massive H&S for $WFC.
NYSE:WFC
The weekly chart shows a target of ~$40.
Lower time frame shows a target of $44.
Please let me know what you think of my analysis.
Thanks for visiting.
Nice Swing Trade On The HorizonThis is the week to watch. If the weekly candle closes above the parameters of the bull-flag then buy the breakout. If the breakout doesn't occur until next week's candle then the target area would change. And of course if it drops below the parameters of the bull-flag it becomes a breakdown and voids the trade all together....good luck (well wishes NOT financial advice).
