WFC trade ideas
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.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate consistently.
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
I think wells fargo looking kinda bullishHonestly no telling but ima trust my chart on this one was a lot of activity today on wells fargo today
$WFC Wells Fargo Long Trade
Stress test results due after the close today and
many of the major banks have seen some buyers
stepping in. May be worth the risk.
Possible stop loss @$25.50
Target prices $29-$31 short term
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WFC - POSSIBLE LONG SCENARIO(Reuters) - U.S. lender Wells Fargo said on Wednesday it had signed multi-year purchase agreements for renewable energy with Royal Dutch Shell's units, as it progresses toward its clean energy goals.
The agreements would involve the development of new utility-scale solar installations in several counties, the lender said in a statement.
Wells Fargo did not disclose the size of its investment but said it would be able to meet the energy needs of about 1,200 properties in California and the mid-Atlantic states.
Many corporates have committed billions of dollars to fund green projects and pledged to reduce their carbon footprint, while some banks have said they would cut exposure to fossil fuel funding.
Wells Fargo has been meeting all its annual global electricity requirements with renewable energy since 2017 and is now working to set up longer-term contracts and increase power generation from on-site renewable sources.
Inverse H&SNot there yet!
Great dividend, just banks are not tech or biotech right now, but one thing I always count on is things do change!
Hypothetical entry would be: Over 33.9
Stop: Below 30 (not a bad trade when it is time)
Target 1: 41 to 43
Target 2: 49 to 53
I hold this in my IRA and bought it at the bottom so Okay with holding on to it longer term
We are all different though!
Inverse Head & Shoulders Not there yet!
Great dividend, just banks are not tech or biotech right now, but one thing I always count on is things do change!
Hypothetical entry would be: Over 33.9
Stop: Below 30 (not a bad trade when it is time)
Target 1: 41 to 43
Target 2: 49 to 53
I hold this in my IRA and bought it at the bottom so Okay with holding on to it longer term
We are all different though!
Next support is 27.3/161.80%In case of SPY drop, 27.3/161.80% level or 0.786 upward fan line will work for support.
WFC We watch tomorrow for the bear movement (test 26.66 or whatever it was)
ONce its confirmed the calls we want to buy/ sell will be more affordable.
WE sell calls above the major support line. and buy calls that will benefit from the next up movement.
we will profit from selling Higher valued contracts buy offsetting our costs selling OTM calls.
When the market turns up we will benefit from increased VOL
Once the movement nears the top you can buy some puts and profit from market correct
(just Ideas)
