Not in the stock. Im a really ametuer so dont put anything this, dont buy og sell on my recomendations my own portfolio is down. :)
WFC trade ideas
$WFC Wells Fargo Reversal Levels.
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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
Price action trade example..!Price action describes the characteristics of a security’s price movements. This movement is quite often analyzed with respect to price changes in the recent past. In simple terms, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying solely on technical indicators.
Since it ignores the fundamental analysis factors and focuses more on recent and past price movement, the price action trading strategy is dependent on technical analysis tools.
Tools Used for Price Action Trading
Since price action trading relates to recent historical data and past price movements, all technical analysis tools like charts, trend lines, price bands, high and low swings, technical levels (of support, resistance and consolidation), etc. are taken into account as per the trader’s choice and strategy fit.
The tools and patterns observed by the trader can be simple price bars, price bands, break-outs, trend-lines, or complex combinations involving candlesticks, volatility, channels, etc.
Who Uses Price Action Trading?
Since price action trading is an approach to price predictions and speculation, it is used by retail traders, speculators, arbitrageurs and even trading firms who employ traders. It can be used on a wide range of securities including equities, bonds, forex, commodities, derivatives, etc.
Price Action Trading Steps
Most experienced traders following price action trading keep multiple options for recognizing trading patterns, entry and exit levels, stop-losses and related observations. Having just one strategy on one (or multiple) stocks may not offer sufficient trading opportunities. Most scenarios involve a two-step process:
Identifying a scenario: Like a stock price getting into a bull/bear phase, channel range, breakout, etc.
Within the scenario, identifying trading opportunities: Like once a stock is in bull run, is it likely to (a) overshoot or (b) retreat. This is a completely subjective choice and can vary from one trader to the other, even given the same identical scenario.
Now lets review my yesterday published analysis:
Wells Fargo may rebound soon!
Buy call 43, September 3, at 85-90 cents, target: 2 - 2.5, stop loss 60 cents.
Outcome of the trade: +100- 120% gain closed today!
this is the power of technical analysis and using this tool correctly
reference article:
www.investopedia.com
Trading Idea #WFC (LONG) 📈 58.50! (WellsFargo)👋 Hello Traders!
In this video, I analyzed #WFC in detail. I bring to your attention one of my orders.
📈 #WFC went down for a long time (MN1) and only in May WFC broke through the downtrend and formed a new uptrend. WFC completed the correction in June and broke through the new level 47.45. Now the WFC is going up to three levels 54.30, 58.50 and 65.35.
🎯 I recommend BuyStop 51.10 or BuyLimit 48.60 with SL ~ 42.00
✅ If you like what I do - put 👍 and subscribe ❗️
❓ I would be glad to see your comments, what do you think about this?
DISCLAIMER:
This idea is not a trade recommendation, it has an informational purpose. The trader independently analyzes and decides whether to use this information.
Wells FargoStrong Buy - Wells Fargo -Breaks Out As Jobs Report Lifts Treasury Yields
The job market is roaring back creating 943,000 more jobs in July.
The bullish report sent the 10-year Treasury yield up 6 basis points to 1.28% on increasing confidence in the economic recovery.
But
Wall Street is also expecting the Federal Reserve to start tapering its
bond purchases.
Jobs will need to keep improving for consecutive months in a row first, Pre-Covid Un-Employment levels currently 5.4% was 3.5%.
(Price target Indicator has proven to be very good, no effort knowledge required, try it yourself)
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$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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