$WFC DOWN DOWN DOWN FOR WELLS FARGOWE JUST CAN NOT SEE ANYTHING POSITIVE ON THE CHARTS OR IN THE COMPANIES PROFILE TO MAKE THIS ANYTHING BUT A SHORT CALL FOR US. IT HAS BEEN ONE DISASTER AFTER ANOTHER AND INVESTORS HAVE JUMPED SHIP.
WFCO34 trade ideas
WFC found a bottomAfter selling off WFC has found a bottom around 48. Bought calls. Stop is 47. Target is 51.
WFC forming a Head and ShouldersPossible Head and Shoulders pattern forming on WFC though too early to tell. The biggest test will be the trend line (black). If the stock breaks down expect a retest of the trendline before finally completing the H&S pattern. Based on how long the stock has adhered to the black trendline a break down would be a long-term bearish signal.
Note where the entry point is. Make sure the H&S is complete before entering. The unfilled gap is still lingering.
The two targets on the chart are past points of resistance and good places to take some profits.
WFC SELL (WELLS FARGO & COMPANY)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
WFC daily bull flag with 50ma supportThis 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.
Wells Fargo & Company bearish ahead of earnings.Looking at WFC Morgans chart.
The SQZ indicator continues to turn hard green. Indicating further down side.
The stock has been ascending on descending volume. Bearish sentiment.
The MacD is about to have a bearish crossover.
The chart follows the bearish sentiment that is seen across the market.
WFC rebound weakly (for Short)WFC shows lack Of strength To rebound higher, comparing to the market and competitors.
My quant model predicts
Profitability: it has a high probability(68%) to drop below this level ($46.94).
Worst Case: it could rise to $50.25
Money Management: Bet no more than 25% of capital
Suggested Strategy: short stock for 5 Days
WEllS FARGO has more to lose, but is my bankWEllS FARGO has more to lose but is my bank. I would be looking for a buying opportunity around 48.65, but for now, I'm selling a tiny position on it.
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Classic head & shoulders complete with bearish candlesDisclaimer: I hate Wells Fargo.
A large head & shoulders pattern completed during q3/4 2018. Every major institution and index was forming double tops and reversal patterns. The real question is, is this more than a correction?
Perhaps. I think as all stocks and indexes have hit all-time highs, a correction is only natural. The hard part to gauge is whether we are seeing signs of a recession or not. The plunge in stock price is worrisome for the stock market and economy as a whole.
Perhaps in the short term, the market will correct upwards. In the longer term I'm not a financial wizard, but it doesn't look good at all. Trump has been the catalyst for the bullish markets, and now that his boat looks like it's about to sink we might see something cray happen.
Some news about Wells Fargo:
www.usatoday.com
www.marketwatch.com
WFC - UH! OH! long term banking problemsWe've know about the sell signals since 2017. Banks had multiple chances to sell at the upper channel lines from long term trends of 45 years! Now we see the cracks emerging. If this wave count is correct, we might start wave 3 of 3 soon!
Well Fargo Head and ShoulderLong term head and shoulder on this stock. Overall people seem to be bullish on this stock for some reason. Trend looks like its going down to ~35 or so.
WFC 11 WEEK HS BOTTOMWELL FARGO 11 WEEK HEAD AND SHOULDER BOTTOM FORMED. WAIT FOR THE BREAKOUT CANDLE.
TAKE PROFIT: 59
STOP LOSS: 54
#WellsFargo | NYSE: $WFC is experiencing a HUGE #ABCCorrection!#WellsFargo | NYSE: $WFC is experiencing a HUGE #ABCCorrection!
Wells Fargo has formed a pretty nice H&S. NYSE:WFC
Fanning through some charts and saw this pretty nice H&S on WFC. Setting alerts on this one.
Happy trading!
head and shoulder stocktake this pattern as the one i want to use for the activity i am more comfortable with this one than with the one i posted at the beginning we can expect a reversal of the trend if the price breaks below the neck line. good oportunity to open short positions.
