This one is pretty simple. Wells Fargo Corp showing consolidation (bull flag) with direct 50 day support. Near-term bottom in place with room to run.
Note
Mistyped. 20 day support not 50 day.Note
Attempted breakout of consolidation area this am, but did not hold. Still hovering near top. Showing strength.Note
Tomorrow's earnings call with be the king maker/breaker here. Put in bull credit spread, and bear debit spread.Note
Almost poked the target today (49.50-50.00). Should grab early Thursday am.Note
Reached target. Still has potential upside to 53.6 (200dma).Trade closed: target reached
Target reached during Wed trading hours (1/23/19), with high of 50.34. Still room to run, but closing this idea as a success.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.