Wells Fargo LongTechnical:
Bollinger Bands are getting pretty tight.
It looks bullish to me.
Fundamental:
New Executives
WFC trade ideas
Wells Fargo (WFC) Q2 2020 Earnings EstimatesJuly 14, 2020 WFC will report Q2 earnings.
The chart above lists the estimates and includes a technical analysis of Wells Fargo & Company.
WFC (S&P500) - Fast Turtle Buy at Support ZoneGenerally still downtrend and bearish.
Nice hammer bounce from support on Weekly Chart
Daily Fast Turtle Buy signal appear bouncing from 22-24 support zone with above average volume.
Expect weekly Fast Turtle Buy signal to appear once WFC able to close above 26.15
FiFT still -ve (Bear still in control) but the red bar has reduced significantly indicating Bear might be weakening.
ATOM bounce from lower limit into neutral zone indicate Sell-off may be over.
WFC is under Finance sector which is currently in BULLISH mode.
Risk: Earning is on 14 Jul Before Market Open.
wfc-longwfC-Wells Fargo -24.04
Financial Services / Banks
Provides financial services in the field of banking
Received this week a rating increase from an analyst of banking giant WOLFE .
14.7 - Reports
Technical-2 possible scenarios ahead of us
1-Breaking / exiting the wedge that falls to the marked profit targets, in fact a replay
Of the falling wedge in front of him.
2 - Another drop in the price to Double Bottom / Lower Creation with divergence
Bull in RSI like last time and boomed up.
In the graph, note the potential for building a right shoulder in a head and shoulders pattern
A trend reversal shortened to long, with a 45.95 pattern target.
Pleasant follow-up.
There is no recommendation in the above
WFC Long, Demand ZoneWeekly Demand 10/03/2011
Trendline break
Daily Demand zone confirmed
Entry: below 25
Stop: 22.5;
Target: 34; risk/reward=1:6
I am not a Pro trader. I need few months to work on rule based trading strategies.
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FundaTechno Analysis | WFC Demand ZoneInteresting things here, WFC is the holdout of big financials that didn't cut their dividend. Boomers didn't like that apparently.
Earnings coming up, we may see some surprise announcement that is enough to give relief short term as well.
We are trading in a demand zone outlined in the purple rectangle, which is also forming a reverse head and shoulders.
Also entered the cloud with a green twist, accumulation may be coming to an end. Overall bullish.
Macro fib retracement down shows the golden pocket perfectly aligned with the gap down, I am looking to fill this eventually.
Funda-TechnoStyle
If you vibe drop a follow
Wells Fargo - show me some loveOne of the big four is again similar in 2008 facing uncertainty. Last time the Fed asked them if they see a dark future in its capability to withstand the crisis.
Now again, WFC is at some risk but is it really? Ok, slashing 50% of the dividend may sound discouraging and you can see it from the price movements. Nevertheless, the risk this time is not comparable and WFC will once again endure the period of fear and uncertainty and move up.
This is an amazing chance to accumulate a "don't touch this stock" while its trending this low. Besides, if it gives you a 25c dividend it is still returning a very good %. I just can't keep away from buying it.
Maybe purchase in lots for every$1 move down.
BANKING SECTOR TO START A SHARP RALLY IN WAVE C UP CYCLES AND PUT /CALL IN THE BANK SECTOR AS WELL AS A CLEAR WAVE B FORMING IN THE BANKS IS NOW SETUP FOR A VERY SHARP C WAVE RALLY BACK INTO MID APRIL HIGHS OR BETTER OVER THE NEXT 20 PLUS TD I AM MOVING BACK NET LONG BANKS
Wells Fargo to ZeroJust noticed this already signalling Bearish Shark Formation on Wells Fargo.. there is no way for it to recover before it reaches zero...
Unless a bailout..but the nearest return would be sub 20-30 dollars... WOW!
WFC bullish above $24WFC is in what I believe will be an inverse head and shoulders and I like long dated LEAPs or stock buys and hold with a stop loss at $24. Great R/R if you can hold for a long while; trading at 57% discount from pre COVID highs and the RSI is beginning to show less extreme red days and this support zone seems to be a good one for a bounce 👍
Rare investment opportunity! Wells Fargo powerful buy signals.Wells Fargo (WFC) looks so tasty! Monthly chart: Support level + Hammer + Oversold + Side of Bollinger Bands
