Wells holding on The multi-decade line still holding.
But, as always, please do your own due diligence/research.
NWT trade ideas
Wells FargoLooking at candles only.
A & B combo are signs of potential bottoming. I'd like to use the recent doji low C ~23.52 as a stop for long.
DAILY ANALYSIS OF WELLS FARGO & COMPANYHi friends
the daily chart of this market shows that it will experience a downward trend in the coming days with a very high probability but also it is better to be vigilant of the change of the direction of this market towards the opposite direction
please subscribe to receive new analyzes
$WFC Wells Fargo Rotation Trade
If rotation can continue today, there is a possible opportunity in WFC for a long trade.
Upside targets=
-$25.15 - mid channel
-$25.70 - Horizontal resistance
-$26.50 - Top of channel.
Indicators also in reversal
WFC to Long, Demand Zone WFC to Long, Demand Zone
Existing Condition:
1. Monthly Demand Zone
2. Daily Demand Zone
3. Trendline Break
Entry below 24.2
Stop : 23
Target1: 29; risk/reward=1:4
Target2: 32, risk/reward=1:6
I am not a PRO trader. I need few months to practice trading plan.
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.
Counter-trading Warren Buffet : BUY WFC .Warren Buffet recently reduced his exposure to banks stocks .
How about counter trading him ?
How about being greedy when he is fearful ?
Options Idea: Sell The Sep 18 2020 WFC 22.5-20 Put Spread @ 0.34WFC is in a long-term downtrend, but wants to reverse course. There is a resistance around the $24 area that has held except in mid May when WFC made its 52-week low at $22 and then bounced quickly back the next day to close at $24. I'm going to sell a Bullish Put Spread at the 22.50-20.00 strikes. Since we are in a downtrend I'm going to play it safe and I'm not going to sell naked just in case WFC wants to make a new 52-week low during the next two months. This is a negative probability trade (expected loss > expected win), so it may not be for everyone.
20-WFC-01
Opening Date: July 29, 2020
Expiration Date: September 18, 2020
DTE: 51
IV: 44.94%
IV Percentile: 59%
Odds of Winning: 73.74%
Odds of Max Loss: 12.38%
Win: > 22.16 @ Expiration
Loss: < 22.16 @ Expiration
Reg-T Margin: $250
Chart Legend
Green Area: 100% Win Zone. If we finish above or in the green area, we keep 100% of our initial credit. The size of the green area is the size of credit (our maximum win).
Yellow Area: Danger Zone: We still win, but we have to give back some of the initial credit taken in.
Red Area: If we finish in this area we have a loss. The size of the red area is the size of our maximum loss.
1 standard deviation, 2 standard deviation, 3 standard deviation projections from Opening Date to Expiration Date are included.
WELLS FARGO ( For Invest ) Long termWells Fargo is a company that for the long term will have some good moves. You just have to wait patiently. Always be on the lookout before buying the possible S&P500 Crash.
We must also take into account several fundamentals with this type of company. When they bring out a digital currency, we must see its evolution and what relationship these companies will have with them. If they are going to be involved? they will have good results, but if they are excluded from participating in the Crypto Coin? They will be very high risk companies.
I hope you can make a profit
Double Bottom ABC BullishPossible stop below 23.3
Targets 2: 38 to 42.5
This one has had a rough time
Not a recommendation
High Probability trade on Wells Fargo WFCThis Bear Credit Spread is a high probability trade that I am taking in my Options Service.
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.
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.
