WFCO34 trade ideas
$WFC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $WFC after a Positive Under-Reaction reaction following its earnings release placing the stock in drift A
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Wells Fargo long positionWells Fargo is a financial services company, the fourth best bank in the United States with a large market capitalization, from 2014 to 2019 its average price is $ 50 trading at this time at $ 44, on the 14th the results are delivered and although they are Its projections a bit high, the company has an upward trend looking for its average price and exceeding it if possible, when we see it graphically we can observe its 2020 ceiling and hopes to use it again floor. We look for the volume areas per month and for 45 minutes to see if there is strength with the volume profile that the trading view offers us, and we look for a confirmation with points of a fibonacci retracement of the fall of 2020
I'm looking for a long entry, with a stop at $ 42 in case the next income statement plays against us
Wells Fargo also looking to slide. WFCAnd so it begins. We do not believe it to be the big one, but a Wave 4 of the overall cycle. This position is somewhat supported by the indicators (RSI momentum, MACD). Elliott and Fibonacci do the rest.
Remember that this is not financial advice and that we are not responsible for your portfolio. Only you are. You must do your own research and remember to act in accordance to your own research. That aside, Fibonacci goals are as ever in green and invalidation is in red. Take care of yourselves out there.
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!