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WELLS FARGO & COMPANYWELLS FARGO & COMPANYWELLS FARGO & COMPANY

WELLS FARGO & COMPANY

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WFCCL trade ideas

is WFC bullish ?Wells Fargo ticker symbol WFC - On the monthly timeframe a trend line from 2008,2009 Financial crisis to covid crash and price is pouncing back with a strong bullish engulfing candlestick pattern. - (knowing that 15%~20% is a good indication) Wells Fargo PRICE TO FCF ratio is 3.33% a very good indication to go bullish. - Book Value per share is 45$ higher than stock price 29$ another good indication to go bullish on WFC. - WFC intrinsic value is 75$ with 6Y projected FCF and growth rate of 9.5%, WFC is considered to be at discount. - price declined more than 50% from all times high, happens only every 10 or 20 years. hold for 5 years or more WARREN BUFFET investing method
NYSE:WFCLong
by UnknownUnicorn4706318
Wells Fargo Set to Surge? The Fed reserve said late Friday it will let allow banks to start buying back stock again, restrictions that were put in place amid Covid 19 back in June of 2020. With that little bit of fundamental news and the technical charts where Wells Fargo is, we can look for some long entries on this stock. Our Monthly chart shows a 10-year Support levels near $24 per share with the stock making some bullish progress pre-Christmas. Looking at support resistance form a linear fashion; we can see price sold a little out of the bearish trend and made a move back into this 10-year regression channel. Our 4 Hour trend Finder Chart has discovered some bullish movement already and prices closed Thursday Christmas Eve at $29 dollar range. We see price moving respectfully off of the 20-EMA here. How would we play this? I am not a typical stock holder myself. I like derivatives. I trade Futures and Options. In this case I looked at the options table and checked for the Implied Volatility to make sure that I am not buying expensive premium. Remember, most inexperienced options buyers fail even when the direction is right because they don’t simply know how to check for the premium being fair price or high price. Now where are my targets? A short-term target is nearby at $33, followed by a long-term target back up around the $50 area. I would prefer to buy a LEAP Option here on the options table and hold this trade in my portfolio. A January 21, 2022 Call Option $30 Strike near the midpoint bid/ask price of about $4.50 per contract= ($450 per contract). This is a long delta trade, meaning all my premium is the most I can ever lose. I got time (theta) on my side and premium is moderate. Its not the cheapest in the world but it will do simply fine. I have more ideas I share FREE on my email list if you are not already on it. We work with Futures, Futures Commodities Spreads, and Options ideas.
NYSE:WFCLong
by New_Wave_Trading
WELLS FARGO & COMPANY Strategy Hey people, WELLS FARGO & COMPANY is in a bullish momentum with the largest executed buy volume of the session and a hammer candle. Looking at the TIMEFRAME M1 we see an attempt on the part of the aborted buyers with an abnormal purchase volume issued. It's heading towards its last precedent lower to make its reversal great propability to breakout the price at the same time testing the VWAP. And the broken afterwards then it will start on the top of the breakout stabilization zone to join a new zone. We go just after the first high on the H1 with an excess on the H4 after breakout of the second stabilization zone and get to the top of the bullish channel. Please LIKE & FOLLOW, thank you!
NYSE:WFCShort
by stephanelibatd