WFC.B trade ideas
Wells fargo & company *Buy opportunity*Wells fargo & company .
Bank manipulation trading & bank strategic analysis
Buy opportunity
Low risk
Well Fargo & co. Buy opportunityYou have buy opportunity .
Low risk investment.
Big volumes size lot trading kill your account one day definitely.
Money management and low risk are other key for succès .
Trade with care
WELLS FARGO and JPMORGAN CHASE UPDATE. I told you guys I couldn't afford two trades going against me. Am I worried about my WFC bull spread? A little. NOT because I think WFC is on a downward spiral BUT because I don't know if it'll get in my range in time (53ish). It won't stay down for long that I do know. I just hope it does it in time. I have a lot of trades going against me. WFC, HLF, and EBAY (I got into it by accident, LONG STORY) but anyways i'm optimistic about all of my trades (maybe not EBAY, i'm neutral on it by the way) we shall see. So far I got two winner trades this year. URBN and LULU. I'm going to keep on keeping on. Atleast I knew JPM was going down on earnings. I did underestimate WFC though but it wasn't slaughter. JPM's hit was a bit more blunt and I also expect JPM to go up, even faster than WFC although I know banks follow eachother, but WFC can't catch a break. NOT LIKE THEY DESERVE IT!! THEY WONT EVEN HIRE ME! haha
Continue to delineWells fargo will continue to decline as the recent news reports - "Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Wednesday said it withdrew its application to the Federal Reserve to boost its ownership stake in Wells Fargo & Co (WFC.N) above 10 percent, and is instead selling 9 million shares to keep it below that threshold."- Reuters
Esp, earnings will be reported tomorrow. I am betting it will fall short!
Entry - tomorrows open
S/L - $56.58
Reiteration of Wells Fargo & Co.Still long on this. IV is high, my way of checking indicates : IV:30,IV Rank: 65%. IV Percentile: 84% higher than all days within the past year. The way i've calculated it, WFC will go up as IV goes down. It may or may not go down(IV) on earnings (like I stated WFC doesn't become too volatile at earnings). I'm so tempted to look into other bank positions today. JPM, C, etc.
$WFC BULL PUT SPREADToday I opened a bull put spread, due to high volatility. Its a 125/125 Dollar reward/risk trade so its small but I would never say no to $125. High volatility due to this dropping like a rock the past couple of days due to bad news after bad news. BUT not due to fundamentals. The estimate for earnings (on 4/13/17) BEFORE MARKET OPEN is .97 which is lower than it will actually be (again). Good thing this thing normally isn't too volatile (to my taste) when earnings come out.
Watch for bounce?WFC is approaching support line. will watch for a pause and possible rebound. otherwise could keep dropping hard and quick towards $53.36
Wells Fargo to Lose 30% From Now On?If this is the correct count, Wells Fargo investors should get ready for another sell-off towards the $40 mark.
Bullish Cup Pattern SetupLong Stop-Limit @ 58.25, Stop-Loss @ 54.96, Target @ 65.58, R/R = 2.2. Close above 60.91 then move to breakeven
Break support line or retracePlace a long stop order above 57.39 to catch the break-out or if it retraces, place a short stop order at 56.80. With weak support on the retrace and a higher previous peak, my guess is a break-out.
Wells Fargo trading near support at 44.00Technically Speaking
For now, the stock is holding the 44ish level. That level has held as support on a few occasions, see chart.
The next support level is the 40ish level.
A break under the later and it could get pretty hairy.
If long or looking to get long, I would stop out somewhere under the 40 level.
Fundamentals
Hello, in case you have not been paying attention, this company has been getting killed in the media, rightly so, in my opinion.
Is the scandal so bad it will permanently damage the business? I have read both sides and quite frankly, neither side knows.
The question to ask is this a mispriced bet? How much are you willing to risk to find out if the bears are wrong and how long are you willing to hold? What will tell you if you are wrong? At what price are you going to get out at?
Just some questions to keep in mind.
Before buying any stock, always ask why you are buying it.
Is this a swing trade?
Am I buying based on technicals, fundamentals, or some combination of the two?
Is this a day trade(I don't ever recommend)?
Am I buying this as a core long-term holding?
Whatever the reason, write it down.
Wells Fargo sports a div yield of 3.42%: www.google.com
Div history: www.nasdaq.com
Always think for yourself
clearly in the monthly supply, Short if it goes below.clearly in the monthly supply, Short if it goes below.
WFC bearish Shark + C bearish BAT + BAC bearish crabWFC bearish Shark + C bearish BAT + BAC bearish crab
WFC: Buy gradually over a weekWFC gave a nice signal to go long here, when retesting the prolongation of the earnings support to the left (dashed line). I'm adding gradually over a week in this zone. I currently hold a 1.5% account position, since I think we might take a while to take off, but we will most likely see a continuation of the Trump induced rally, and as Tim West pointed out in the Key Hidden Levels chatroom, it has a lot of room to catch up to $BAC, so, don't miss it.
Good luck,
Ivan Labrie.
The downfall of Wells Fargo?FUNDAMENTALLY: BAD SITUATION ALREADY - HOW MUCH WORSE CAN IT GET?
Poor business and regulatory practices are being investigated at WFC. This bodes negatively for the bank, as there is already an admittance of wrongdoing. Such situations have taken a while to sort out in the past (see GS, Citi, DB, BNP, etc.) and have resulted in substantial settlement amounts. The current situation with Deutsche Bank adds fuel to the fire.
WEEKLY CHART REFLECTING POOR FUNDAMENTALS.
The technical situation on the weekly chart looks quite poor: Negative wedge formation since July 2015, death cross in April 2016, downtrend broken this week, volume pickup on the downside, negative MACD cross-over, etc.
FLOW SITUATION ALSO DIFFICULT.
Warren Buffet, who already owns 10% of the bank through Berkshire, cannot buy more stock. He is bound to keep his investment and be unhappy with it or sell his stake... Not very encouraging from the perspective of institutional share-holding at WFC.
WHAT TO DO FROM HERE?
Go short at the current market price.
Price target $40/share.
Stop-loss at $46.
Reward/Risk = c. 2.7x
A possible WFC rebirth means to- BUYI am in no way certain here, but considering WFC's recent...mishaps... the corporation screams "go long!!" to me... I see equity in rebirth so to speak.
I drew in some general support (S1, S2, S3) at 47.10, 45.33, and lastly at 43.56. My S1 level was smashed through on Sep. 13... S2 held up for a bit, but was broken through on Sep. 26... S3 acted as a strong floor for the price, and created a clean reversal at a price of 43.56.. Price went bullish, and fell to form another reversal upon the price point of a higher low. (44.46) I believe price will continue the second bull run off of the higher low, and eventually hit a higher high, or at least an "even high"
I'm calling this one long.
My target is 45.50.
