WFC trade ideas
WFC - breaking out?WFC made a nice engulfing candle, breaking out from a range
Held good after earnings
Sitting just above SMAs
Banking & financial sector are strong
Can make 10% from current level coming days
Wells FargoStrong Buy - Wells Fargo -Breaks Out As Jobs Report Lifts Treasury Yields
The job market is roaring back creating 943,000 more jobs in July.
The bullish report sent the 10-year Treasury yield up 6 basis points to 1.28% on increasing confidence in the economic recovery.
But
Wall Street is also expecting the Federal Reserve to start tapering its
bond purchases.
Jobs will need to keep improving for consecutive months in a row first, Pre-Covid Un-Employment levels currently 5.4% was 3.5%.
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8/9 WFC(1) its a weekly chart
(2) be aware that WFC breaks out the pink trend line, for next we need it to consolidate around current price before a long and small moving up
(3) bullish, but requires time
WFC breaksout yearly resistance Brokeout a Yearly resistance with a bump on the 10yr yield. Next resistance is at Fib 48.91.
XLF has also broken out
$WFC Base SetupSeeing few financials firming up and forming bases. Here is Wells Fargo with a nice 2+ month base.
WFC Symmetrical Triangle Perfect symmetrical triangle, and right now it is at resistance where it takes small movement to break it. If it breaks it with momentum there might be a bull run
Bullish triangle consolidationLooks like a bullish consolidation. A breakout to the upside could result in a continuation of the bullish trend. Definitely, would a candle opening over the 78.6 % Fibonacci level at ~47.50 USD call for a continuation.
No financial advice - just an idea. ;)
$WFC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $WFC after a Positive Under-Reaction reaction following its earnings release placing the stock in drift A
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Wells Fargo long positionWells Fargo is a financial services company, the fourth best bank in the United States with a large market capitalization, from 2014 to 2019 its average price is $ 50 trading at this time at $ 44, on the 14th the results are delivered and although they are Its projections a bit high, the company has an upward trend looking for its average price and exceeding it if possible, when we see it graphically we can observe its 2020 ceiling and hopes to use it again floor. We look for the volume areas per month and for 45 minutes to see if there is strength with the volume profile that the trading view offers us, and we look for a confirmation with points of a fibonacci retracement of the fall of 2020
I'm looking for a long entry, with a stop at $ 42 in case the next income statement plays against us
WFC - GREAT Buy Opportunity, IF ... !!!Hello! Friends,
-This would be a great Buy Opportunity, IF NYSE:WFC breaks up the Daily Resistance line at $47.30 (with a WHOLE DAILY Candle) !!
Retracement to 50% fibShort idea - will look to go long at the 50% fib level
Lmk what you think - the Dow looks pretty weak
Wells Fargo also looking to slide. WFCAnd so it begins. We do not believe it to be the big one, but a Wave 4 of the overall cycle. This position is somewhat supported by the indicators (RSI momentum, MACD). Elliott and Fibonacci do the rest.
Remember that this is not financial advice and that we are not responsible for your portfolio. Only you are. You must do your own research and remember to act in accordance to your own research. That aside, Fibonacci goals are as ever in green and invalidation is in red. Take care of yourselves out there.
Staying long WFC @ 44.92 up 3.22%Daily stoch says we can test lows again
more selling buying on vol but making higher lows higher highs
weekly looks great above 80% and continue sideways
WFC Staying longDaily stoch over bought
nice higher lows higher highs
more buying selling on vol
Weekly looks good going sideways overbought
can stay that way
long 44.92
support 45.17
resistance 47.91
$WFC Wells Fargo Major Downtrend Breakout
Today seen a very bullish close outside the 2018 downtrend,
Alert set for a scaled in entry with targets as per the chart.
Such a major break should result in a back-test of the trendline as support so best to scale in.
WFC Long UpdateStaying long WFC @ 44.90
Daily looks great look vol
more buying selling over bought
Nice higher lows and higher highs
nice candle.
banks gonna with USO GOLD
Weekly looks great look that candle
beautiful staying long with trailing stop
Resistance
47.40
Support
44.48
Long WFCBanks continue hold
weekly stoch fine
looking good
long 44.90
stopped out went back in
small gain know back in with a trail stop
TDI Divergence, 5th Wave, ResistanceThere's a clear divergence on the TDI, which gives cred to the Elliot Wave possibly being in the 5th wave. Also, price is hitting an area of resistance. It looks like it broke through, but could be a liquidity grab.
WFC is retracing, I'm watching the 10day MA Retracing after a big run. I'll be looking to the 10 day MA for a reaction play. For the past almost two weeks it has respected it so I'd like to wait until it gets near there.
