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
Chart PatternsFundamental AnalysisTrend Analysiswellsfargowellsfargoidea

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