Double Bottom ABC BullishPossible stop below 23.3 Targets 2: 38 to 42.5 This one has had a rough time Not a recommendationLongby lauraleaPublished 554
High Probability trade on Wells Fargo WFCThis Bear Credit Spread is a high probability trade that I am taking in my Options Service.Shortby traderofoptionsPublished 3
WFC round 2Waiting patiently, looks like it consolidated one more time and is ready for the move. First stop looking to break the update $26 volume shelf. See if we can get a move later this week.Longby UnknownUnicorn3924154Updated 1
$WFC - last one was wrong, how about this one? So many public emotions affecting this oneLongby katblatPublished 3
Bullish On WFC Build up of a tight consolidation Zone around the descending triangle. RSI Oversold. Momentum at an increasing pace of the price level seems buyers are willing to buy. Big bull candle on a daily time Frame. My opinion breakout may happen next week. This is not an financial advice. Chart is based on my idea. Longby DemonKing99Updated 441
Potential Inverse head and Shoulders Currently at the start of a potential right shoulder.Longby RizeSenpaiUpdated 0
$WFCPossible triple bottom forming, looking at adding at $24.14 Longby UnknownUnicorn10235865Published 114
WFC (Wells Fargo) The Comeback It is a rough time for many banks, But that does not mean it is necessarily going to stay like this. With Warren Buffet currently increasing his stakes in the BAC (Bank of America), Whom also holds large similar stakes in Wells Fargo with both being extremely similar especially on the charts. We could actually see Wells Fargo stock vastly increase, Now i am not saying it isn't going to be a bumpy ride with the current stop and starting of the economy worldwide but quite frankly because of Wells Fargo poor performance it has provided a great opportunity for investors. So to wrap it all up if Wells can catch up with the Bank of America (BAC) in the pre provisioning operating profits then the stock value could nearly double providing a great investment opportunity. Whilst provision charges can fluctuate violently through the cycle, pre-provision profit does not flex to anything at the same extent. When provision charges fall away after a recession, The bottom line starts to improve rapidly which is what we could see happen in the upcoming weeks/months/years. Disclaimer: I am not advising anyone to take any trades nor do i bare responsibility for any losses, Furthermore I am only sharing my analysis & speculation for you to make your own decisions. Do your own analysis and use the correct risk management. Dont bet the house. Longby OfficialKieranTrewickPublished 1
Wells FargoFor my own edification. Not trading advice. DYOR... Wells Fargo looking like a Buy. Touching into support zone + RSI oversold. Looking to add to position and Sell August Puts. Reassess as it approaches resistance ~$26Longby nampTRVUpdated 4
Trade 4 - WFC CallsI should let one of these run longer, but updating to the next trade on same rules: This exercise is still about removing emotion and just following a set of rules. 3 - $1.18 WFC $26.5 calls for 8/28 Rules: 1. No earnings plays (WFC post earnings) 2. No increasing/averaging down, use a stop loss of 20-30% 3. Charting based on triangles/ wedges and SMAs (10/20 crossover for this one, with the 10 day actually rising not 20 day decreasing) 4. At the money/near the money (check) 5. Risk/reward 1/3 or greater (If a move tests the 50 day, that's a $38-39 PT which would be well above range) 6. Buy 45 days out approx. 7. After the first week, get out and reassess if it still hits all these criteria (plan on holding longer than the previous two trades) Trade 1: BA call $250 to $480 ($130 net) Trade 2: ARMK call $435 to 435 ($0 net - still $480 principal) Trade 3: MGM call $435 to $315 ( -$120 - $360 principal) Trade 4: WFC call $354 to ... ( ) Longby UnknownUnicorn3924154Updated 3
WFC - 1H - 21.07.2020 (17.07 Follow up)#WFC -1H - 21.07.2020 - Ready, set... After a brief skid this monday, price broke our second downtrend with a solid bullish candel (Economic fundamental causes behind it). Hopefully, the beginning of new tendence. If we look at closely our Ichimoku cloud indicator, we will find that tenkan (convertion line) crosses upward Kijun (base line) when the price is above the cloud. According to the rule book of our friend Mr. Ichimoku, this is equivalent to a strong buy signal entry. Tomorrow will be crucial to consolidate a 25.90 - 26.10 price range. After that, we can start thinking about the firt medium term resistance at 30 USD. Longby aoberningerUpdated 224
Only one I'm in nowA lot of uncertainty out there, but into next week this is my favorite chart right now. Have a great weekend! Longby UnknownUnicorn3924154Published 778
Looks like a Breakout to the Upside $WFC$WFC bounced off of lows and made what seems to be a Bull flag. I put a Fib ext on it to get long with a target of $28. I bought the $27 call options with 29 DTE and will look to take profits once my calls go ITM. If you want you could sell puts but it has a low IV percentile relative to Implied Volatility so might be better to buy premium or purchase the shares outright. Longby SupremeRePublished 2
Wells Fargo LongTechnical: Bollinger Bands are getting pretty tight. It looks bullish to me. Fundamental: New Executives Longby lplasticbaglPublished 1
10+ years Support level. Time to buy?Mid-term, position trading. Buy @ $22-25, SL $20. TP $34-35.Longby Heist_FlyZPublished 2
Will wells fargo retest 2008 all time LOW ?this week is a big one for BANKSShortby juliothetraderPublished 5