WFC trade ideas
Wells 1m forecastI've been following $WFC for a while now. New to charting, but here is basically what I'm trying to express. Wells continues to show strong support down near these levels. Also with the S&P back to even YTD, financials are still down ~50%. More upside than downside it seems for short-term. Reported that more than likely banks won't cut dividends. If they do, I doubt Wells cuts more than half. They need to show strength as well as rest of the banks.
WFC healthy pull backWFC has healthy pull back. Long term look good but can do some short term option trade.
TRADE IDEA: WFC OCTOBER/JULY 22.5/35 LONG CALL DIAGONALAnother financial that has recovered some, but probably has some room to run back to pre-COVID-19 levels .... .
Metrics:
Max Loss on Setup: $918
Max Profit on Setup: $332
Break Even: 31.68 versus 32.63 spot
Debit Paid to Spread Width Ratio: 73.44%
Notes: I like to do these split month, but there's no September available, so had to go out to October to buy the 90. Manage like a covered call, rolling the short call out on extrinsic approaching worthless and, if necessary, down (but not past) your break even.
WFCThe 20-day SMA has leveled off over the past week and is closing the gap between the longer 50-day SMA. The low RSI reading of around 40 means that it won't take much more selling pressure to trigger an oversold signal to investors.
Analisis WFC Basico (Test herramientas/aprendizaje)Este analisis solo se hizo a modo de aprendizaje. No cuento aun con demasiados conocimientos en la materia.
A largo plazo venia con una tendencia bajista (2018) con una resistencia aun no alcanzada (marcada en el grafico).
A corto plazo se ve una tendencia alcista (marcada en el grafico) encontrandose ademas un hueco de separacion en la ultima jornada con gran volumnen de operaciones, lo cual indica una fuerza en la tendencia. Hay que seguir su evolucion esta semana, si se cubre el hueco podria ser una señal de debilidad en la tendencia.
Puse 3 medias moviles
-21: Superada
-50: Superada
-100: Cerca de alcanzarla
Tomando el retroceso de fibonacci desde el ultimo pico precovid, se sugiere comprar cuando el valor supere los 34,28 dolares, y vender/analizar en la proxima resistencia 38,23.
Long WFCWells Fargo en semanal.. Bancos deben empezar a recuperar conforme vaya recuperando la economía
My Analysis for WELLS FARGO & COMPANY a Bullish move is startingHi Traders, I'm sharing with you my vision concerning WELLS FARGO & COMPANY, the downtrend has come to an end, now place for a big uptrend move , It's the start of a bullish big move , waiting for your comments and remarks guys, good luck for you all :)
WFC Covered CallWells Fargo has taken a beating in 2019 and 2020. With stock falling significantly, I believe the stock is due for a bounce. I bought 100 shares on 6/3/2020 @ $28.86 and due to volatile expectancy of this stock, I sold an ITM 28.50 sell call for a credit of $2.12.
My max profit is $212 - intrinsic value ($36) =$176 or 6.09% max profit at expiration on July 10th, 2020.
I do think the stock could go up 6% in the next 30 days, but it also could be very choppy. To limit my risk, the covered call protects my position to the break even price of 26.74. I will also reach my max profit as long as the stock stays above 28.50; In this scenario, I have a higher probability of success than just by the shares, at the same time, I do limit my profits.
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$WFC Wells Fargo upside targets
Reclaimed 50MA as support which is now rising
moved above POC (redline)
MACD and Histogram Bullish
RSI in nice uptrend
Momentum indicator just crossed zero-line
CMF rising
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$JWN $DPZ $WFC $FDXOne more long idea, $BYND. Another in $WPM.
$MRNA is sold off enough to swing it up - BE CAREFUL. They may lose all the hype overnight or one bad news could swing it down significantly lower.
Wells Fargo $WFC is bottoming?It broke the downtrend line got above 50SMA and pulled back under 50SMA till to downtrend line. RSI is just above 50 and if it succeed to hold above the uptrend line the target price will be $30.46
12 month consensus price target is $39.11
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
Screw The Airline Stocks!I got Stopped Out on my shares of LUV .
Lousy Dividend, anyway.
I went "Old" School.
Added more shares to my WFC holdings.
Dividend = $2.04 = 7.49%
Watching WFC to crest @ $27.22
Wells Fargo is turning bullish1] Culmination of decline. "$24 is cheap price" - professionals decided to accumulate panic selling and establish longs
2] Supply has gone
3] Bullish attempt
Expect recovery.
The long-term target $40.
WFC Volume Spread AnalysisNYSE:WFC
Potential smart money involvement in buying at this key level 23. As back in 2011 reference a strong support level of instituitional buying.
however the stock rally remain weak, signalling that there might still be more Supply > Demand. waiting for a retest on 23 level with lower volume to enter a buy trade setup.
Time to pick up hammered stocksThis is long position idea. If you believe that yesterday breakout is not just a fake then there is an idea to pick up fallen large cap stocks in the short term. As I can see there are many sectors that were brutally dumped in March and pumped in April. Oil industry, restaurants, cruise companies and more recently airlines are up about 50%. Mostly, these stocks are COVID-effected.
My idea is simple: to pick up stocks from sectors that have high risk and still are down. I find financial sector attractive. As I see there is no fear at the market right know I'd like to pick up some risky stocks with high market cap. Hedge funds have taken away 56M$ from WFC. Sounds horrible, lets see what market think about it :D
if we break $22.7 short to $14, i will buy put 22.50 $1.95 17/07if we break $22.7 short to $14, i will buy put 22.50 $1.95 17/07
$WFC Well Fargo Day Trade
Rotation has begun into into the beaten down financials.
Amy be just a relief rally as the stocks were extremely oversold, so be careful as we enter into a weekend where news-flow can change sentiment greatly
WFC has broken from down-trending channel as has moved above the 20 day moving average as support.
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WELLS FARGO ($WFC): Are They Gonna Send this Back to the 1800's?✨ New charts every day ✨
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Depressing revenue and earnings predictions and a potential dividend cut aside, it is hard to justify shorting the big banks. Despite this, Wells Fargo's chart looks particularly bearish. While it is likely WFC will preform well in the future, it looks like for now this company founded back in the 1800's is about to get sent back to the 18.00's or lower. Given that, let's look for a short setup.
Resources: www.earningswhispers.com + www.marketwatch.com
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1. Fractal Trend is showing a downtrend (Maroon bar color) on the Daily timeframe chart. This makes sense given how the big banks have struggled in terms of share price while dealing with COVID.
2. With this strategy, we are looking for short setups in a downtrend and as such want to enter short on retests of bearish order blocks plotted by Orderblock Mapping (Maroon) and/or bearish S/R levels plotted by Directional Bias (Maroon).
3. As you can see, we are close to getting a short entry from the strategy at R1. The goal here is to see a rejection of this level and continuation to the downside.
4. The target for this move is S2, although we will look for reactions at S1 and consider scaling a portion of our position off there to lock in profits.
5. We will exit this trade if our stop is reached or if Fractal Trend signals an uptrend (Aqua) while our trade is still open.
With all that said, it should be noted that a drop of this magnitude for the big banks represents a move not seen since 2009 back in the wake of the Financial Crisis. Thus, even though the setup makes sense, it also makes sense not to be overly aggressive with this short's position size and consider it more of an overall market hedge.
