Closing out NYSE:WFC short position from 41.33 and looking to go long from 39 range
After the last price target was reached: Now looking at the WFC Wells Fargo & Company options chain ahead of earnings , i would buy the $42.5 strike price Calls with 2023-7-21 expiration date for about $$1.02 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
What we are seeing with these banks are the side effects of massive monetary expansion. This is the result of the Covid money printing fest. We will soon enter the withdrawal phase ... Right now the banks are deep into the headaches. ✔️ Wells Fargo looks pretty bad. While last week you could say everything was fine based on the chart signals, this week...
Wells Fargo - Short Term - We look to Buy at 51.28 (stop at 49.63) Preferred trade is to buy on dips. Previous support located at 51.00. We have a 61.8% Fibonacci pullback level of 51.49 from 46.04 to 60.30. The medium term bias remains bullish. Expect trading to remain mixed and volatile. Our profit targets will be 56.06 and 59.10 Resistance: 57.00 /...
It's time to right arm with target 45 USD. Also MACD looks bullish.
Hello everyone, WFC is going to see even lower lows, due to the Covid - 19 and the financial crysis. The levels it will fall to are 15, 10 or 8 $, I think though 10$ makes the most sense. I would say anything bellow 15$ is amazing entry, WFC has great fundamentals, so it will for sure see new highs, just wait for next year around March - May for entry. Good luck...
NYSE:WFC Fanning through some charts and saw this pretty nice H&S on WFC. Setting alerts on this one. Happy trading!
Wells still looks well poised for higher highs. US banks seem to be on a bullish run, so investors and traders might be trying to catch a bargain with this one.
I told you guys I couldn't afford two trades going against me. Am I worried about my WFC bull spread? A little. NOT because I think WFC is on a downward spiral BUT because I don't know if it'll get in my range in time (53ish). It won't stay down for long that I do know. I just hope it does it in time. I have a lot of trades going against me. WFC, HLF, and EBAY (I...
Today I opened a bull put spread, due to high volatility. Its a 125/125 Dollar reward/risk trade so its small but I would never say no to $125. High volatility due to this dropping like a rock the past couple of days due to bad news after bad news. BUT not due to fundamentals. The estimate for earnings (on 4/13/17) BEFORE MARKET OPEN is .97 which is lower than...