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
WFCD trade ideas
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.
A healthy consolidation wouldn't hurt ("Puts" season)We've been at a steady growth this past month.. not saying history repeats itself but it looks like we're due for a breather. With SPY hitting all time highs, I can see us testing the 42 level mid May.
Wells FargoOver bought on on daily indicators MFI,RSI,BB.
Finished the rally from a strong earnings quarter at the top of there channel with a rising wedge pattern.
option vs stock trading???-2.2% may seem nothing to you, but it could generate +100% gains in less than 24 hrs trade.
don't believe it?
check the related link for evidence! Yesterday I published a private Idea when WFC was above 44, today it closed with+100-150% in the first few minutes of the market!
Banks are Notorious for Pop and Fades... + The Q Wasn't Great
#SellTheNews is my opinion only.
+ I see no major opening call positions. Meaning most are just closing out any calls they had and moving on...
WFC and US10Y WFC is strongly correlated with US treasury yilelds. Higher the yilelds Us banks will make more revenue
WFC potential H & SH&S ish shape showing. Volume has been increasing on the moves down. I don't think it's done going lower yet. MACD and other indicators are pretty weak too.
Cup and Handle Bullish Pattern WFC at Mar 18, 20211. Cup and handle bullish pattern
2. Large volume v.s. 3 days
3. Above all MA lines
4. new 52-week high of $41.40
5. Bond yields rise Thursday.
6. As rates increase, in general, banks can earn bigger profits made on loans to consumers.
Updated Target for WFC
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
WFC INVESTMENT D1 (Cumulative chaos)The price is now in a strong area with a slowdown in price, selling will be the most prevalent, but if it breaks through the stressed area towards the top, buying will be the decision. NYSE:WFC
Buying WFC 19 MAR 21 42 CALLI'd like to see price hold this current support level on the 4H.
If price moves and closes lower than $35.80, then I will be closing these contracts for a loss.
Why did I choose $42 as a profit target? Because if you zoom out on the 4H chart, you will see a price level that was created between 28 FEB and 5 MAR 2020. I believe price could reach the peak of that price level by expiration.
Cup and Handle the easy money maker..!Potential gain:+35%
Reward/Risk:+3
Timeframe: 4-24 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
*call options could also be rewarding!
WFC - Long Setup I purchased this today. Looks good. I bought for $39.56 , stop 37.93, target 47.87.
WFC positive outlook1D chart hit resistance again yesterday. There is an ascending triangle forming on the 1D chart.
On the hourly chart, there seems to be a cup and handle forming, the handle has yet to form but the cup has.
RSI Is Approaching the top, similar to stochastic while MACD just crossed.
Awaiting for a solid cross over the 38.7/39 resistance and the next level to watch out for is 40
The Financial sector is hot I hope this stock goes well
Not Financial advice
