WFC 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
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= ($450 per contract). This is a long delta trade, meaning all my premium is the most I can ever lose. I got time (theta) on my side and premium is moderate. Its not the cheapest in the world but it will do simply fine.
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Well Fargo to fill the gap
Well Fargo is unable to break the 30$ resistance.
Divergence between the RSI and the price = reversal.
Well Fargo have good chance to fill the 24 nov. gap.
Current price: 29.56$
Goal: 26.50$(+3,06$ ) time frame 4 weeks
Stop: 30.50$ (-0.94$)
Reward to Risk ratio: 3.25x
Comments are welcome
Carlos
$WFC Wells Fargo On verge Of Breaking resistance
Potential for a break above the 50ma on weekly
already above the fib gp
MACD bullish
First major target $33.75 top pivot point
WFC is a buy or sell in the next 2 weeks???After a 45% move in 36 days, WFC gets out of the bullish channel and could fill the gap in the next 2 weeks.
Whats your dark mode?Hi, I am new to Trading View,
I am wondering what settings you used to make dark mode more readable. I trade at night and it helps to have reduced light but it also is harder to read.
Please share your ideas.
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!
WFC ReadyWe have seen WFC move from the support level indicated by orange. Small bodied doji on big volume after volume consistently climbing could mean a potential big move is coming. Let's keep our eyes on WFC. Might be a nice deep in the money call candidate.
WElls and Fargo w48 2020. Ready to long 27-42.Monthly
Stromg bounce in downtrend
above SR
Weekly
Retest of 24 is OK.
Daily
Open LONG on pullback
Open 27
SL 25
TP 42
RR 6
(SpearTrading) $WFC Potential Long Call Entry Looking to break into red circle and form new support on our yellow resistance before making entry!
Bull flag formation with a dojiBull flag formation. si le haut du doji est brisé , il y aura fort probablement une continuité au niveau du prix et donc jusqu'à la mm 200. Buy near the support and sell or short near the résistance.
WFC Follow up11.6.20 I wanted to talk about volatility the way I describe it....and how this is associated with opportunity ( profit )
"WFC Long" Bullish will this be able to push back to $83 NYSE:WFC Like the risk/reward on this one. I know its a slow move but I feel a 1 point downside risk for a 2 to 3 point plus move to the upside is worth the risk. Resistance is at that 22 area. breaks that your back in a range it trade in for the past few months and I will be look for a move back towards that 23.02-64 area which is the top short term range. Once that level breaks more room towards that 25 resistance.
