$WFC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $WFC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
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WFC trade ideas
Wells Fargo LongWells Fargo shares gained nearly 15% so far this year ahead of its fourth-quarter earnings, which is expected to enjoy better loan activity and a higher net interest income than that seen in early last year due to favorable industry trends.
The fourth-largest U.S. lender is expected to report its fourth-quarter earnings of $1.11 per share, which represents a year-on-year growth of over 70% from $0.64 per share seen in the same period a year ago.
The San Francisco, California-based multinational financial services company would post revenue growth of more than 4% to $18.8 billion.
Wells Fargo shares rose over 1% to $55.35 on Monday. The stock jumped nearly 15% so far this year after surging nearly 60% in 2021.
Analyst Comments:
“Wells Fargo (WFC) benefit to EPS from rising rates is the highest in the group, with each 50bps increase in FF driving 15% increase in EPS; 50bps in long-end rates drives 7% to EPS. WFC is in a strong.
WFC - STOCKS - 11. OCT. 2021Welcome to our Weekly V2-Trade Setup ( WFC ) !
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4 HOUR
Bullish break above main sr level..
DAILY
Expecting more bullish pa!
WEEKLY
Great midterm long entries.
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STOCK SETUP
BUY WFC
ENTRY LEVEL @ 47.36
SL @ 44.78
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Set alert for WFCIf WFC breaks this support line then it's confirmed trend reversal to the downside.
I only enter trades once they meet my conditions.
Would prefer to enter a leap put options on this one and ride the fall out as WFC is a bit of a slow mover.
Slow-moving stocks require long expiry contracts to medicate theta decay.
So set an alert for that support line.
(US) WFC VCP SETUPWFC observed to have VCP setup with below contraction:
C1: -15%
C2: -7%
C3: <3% (pull back with low volume)
28 Oct observed tennis ball effect and breakout again. Let's see the subsequent movement.
Disclaimer:
Not a buy call recommendation, just sharing on chart pattern formation based on my personal experience. Trade at your own risk.
Wells Fargo at the resistance!Does WFC have enough energy to pass above the resistance?
I think it is less likely, volume does not support this idea!
The higher it goes the lower the volume, it seems to move toward lower prices in the coming days!
Best,
Moshkelgosha
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WFC is a bit hot on the RSI, MACD… see highlighted areasSimilar to TSLA, WFC has been on an oversold then overbought momentum swing. Albeit, TSLA had a long consolidation time as did WFC back in November 2020 to June 2021. It’s time for a rotation back into cyclicals for their best quarter of earnings, but WFC is super hot and likely needs to come back down to mid-39 or even mid-48 before the fed meeting. Which I think just prior or at it will pause around mid-49 and run to 52-54 if they begin to taper bond purchases… they could be more aggressive on these which would signal or give the perception that rate hikes could come earlier and the FED are trying to stop that from happening. Either way I’m hopeful for 52-54 by EOY/January 2021. Look to purchase calls for 50 strike out for march to 2023/2024… always love to play it safe with the long term game. Obviously shorter timeframe means more risk… “not financial advice” … don’t get wtf people say that other than morons assume a written monologue about their thoughts/diary on trading is gold. Manage you’re own risk.
WFC longEntry price: 48-50$
Target price: 54-55$
Chart pattern: Bullish symmetrical triangle. The price just broke the upper boundary of triangle and retested that level as a support. Moreover, the price breakout was confirmed by increased volume.
RSI: Neutral, approaching 60 level, thus, there is still a potential for the future growth.
Conclusions: Chart pattern and RSI suggest bullish momentum of the asset. Therefore, the long position is recommended after the price breakout.
No financial advice
Wells Fargo (WFC) bullish scenario:The technical figure Triangle can be found in US company Wells Fargo (WFC) at daily chart. Wells Fargo & Company is an American multinational financial services company. The company has operations in 35 countries with over 70 million customers globally. It is considered a systemically important financial institution by the Financial Stability Board. The Triangle has broken through the resistance line on 16/10/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 15 days towards 49.96 USD. Your stop loss order according to experts should be placed at 44.83 USD if you decide to enter this position.
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