$WFC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $WFC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
WFC.B trade ideas
WFC Wells Fargo Options Ahead of EarningsLooking at the WFC Wells Fargo options chain, i would buy the $42.5 strike price Puts with
2023-3-17 expiration date for about
$2.14 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.
$WFC weekly chart going into tomorrow's earnings print Will the stock move to the $45.88 area or retest the $40.00 PL?
The consensus earnings estimate is $0.63 per share on revenue of $20.01 billion. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat.
Consensus estimates are for earnings to decline year-over-year by 54.35% with revenue decreasing by 7.85%.
Overall earnings estimates have been revised lower since the company's last earnings release.
Option traders are pricing in a 5.2% move on earnings and the stock has averaged a 3.6% move in recent quarters.
WFC Bearish wedge now Bear FlagWatching for breakdown on Weekly bear flag to continue a larger trend headed down, interest rates may be a catalyst
WFC potential on downtrend - Bearish WFC most likely on downtrend especially after it break out from the support line of Double Top pattern.
Can notice that it is having high selling volume on date 20 Dec & 21 Dec which break out the support price 40.92 USD. This is a initial signal that it is bearish on WFC for future direction.
However if the price move upward which higher than the orange resistant line (41.92), this mean the downtrend is not yet confirm
Thus, for those interest to take the risk can consider :
Short position : 40.95 USD
Stop Loss: 41.92 USD (Risk 2.42%)
Note that “Past performance does not guarantee future performance. This is for just my personal opinion but not trading advise.”
QuickTrade Idea n. 224I am Bullish above $43.44 with target at $44.63
I am Bearish below $42.1 with target at $41.27
#WFC to 37$?Hello dear Traders,
Here is my idea for #WFC
Price closed below yellow line (previous month low)
Price closed in 15 Minute chart below purple trigger line -> Enter Trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
WFC , will support hold?Closing on uptrend support (White lines)
And horizontal support around 46$.
If we close below 46$ a full blown reversal could be under way
Wells fargo & companyHello everyone, a potential more than 80% than the market will marke PULLBACK until level 32USD
NYSE:WFC
WFC Falling window Falling window 🕯.. Bearish..
I highlighted the previous ones with green arrows
First target 42$ gap close.
My final target is support trendline
Grab some time if you want to ride the whole wave down, could take a couple of weeks . 11/18 minimum.
QuickTrade 144 : WFCLong
looking for a continuation
Short
Looking for a test of the 250 h after this huge move up.
WFC potential head and shouldersWFC potential head and shoulders will look for entry if we break above moving average 200
WFC monthly bearish hammer WFC monthly bearish hammer ABC or wave 3 of downward doesn't matter at this point. Stop loss above the hammer. Be ready to move take profit as we go.
Short idea #14- Still too high upI think WFC is setting up to be a very safe short with decent reward opportunity. I am simply waiting on SPY to get a little higher to ~389 to short this name. I see no reason why this name would continue to hold up, and I suspect it falls through November.
WFC at resistance Posted another idea that XLF is at resistance..
WFC won't break out if XLF reverses
Downside target 40$
Upside target 50$
WFC reversal.Gapped up with the rest of the banks on earnings but had some stiff resistance on weekly 50/200 EMA.
Selling pressure was significant along with daily candle structure.
4hour RSI you will see Bearish divergence .
Short entry - Below Yellow trendline or 43$.
First target -42$ gap close or blue line.
Second target - White tredlndline or 40$
Earnings watch 10/14/22Earnings watch 10/14/22
WFC
MS
UNH
PNC
JPM
C
USB
FRC
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
WFC (POTENTIAL BUY/SELL LEVELS) ***BEARISH SENTIMENTJust my basic MONTHLY charting.
I have marked what I see as the POSSIBLE bottom (support).
I see overall DOWNTREND.
I have marked my potential BUY/SELL LEVELS for LONGS/SHORTS/CALLS/PUTS.
WFC Ascending TriangleWFC in an ascending triangle, going to wait for it to break through, can play both sides after waiting for confirmation.
Price targets are highlighted in blue key levels. NYSE:WFC
WFC daily bullish hammer at double bottom retestWFC daily bullish hammer at double bottom retest has to be quick till earnings and countertrend. Stop loss below hammer, take profit to size of last retracement.
Short term short on Wells Fargo. WFCThis is very short term. Closed on the downward impulse, bouncing off the 5th wave origin. Down we go, it's like ping pong in here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
