WFCD trade ideas
Inverse H&SNot there yet!
Great dividend, just banks are not tech or biotech right now, but one thing I always count on is things do change!
Hypothetical entry would be: Over 33.9
Stop: Below 30 (not a bad trade when it is time)
Target 1: 41 to 43
Target 2: 49 to 53
I hold this in my IRA and bought it at the bottom so Okay with holding on to it longer term
We are all different though!
Inverse Head & Shoulders Not there yet!
Great dividend, just banks are not tech or biotech right now, but one thing I always count on is things do change!
Hypothetical entry would be: Over 33.9
Stop: Below 30 (not a bad trade when it is time)
Target 1: 41 to 43
Target 2: 49 to 53
I hold this in my IRA and bought it at the bottom so Okay with holding on to it longer term
We are all different though!
Next support is 27.3/161.80%In case of SPY drop, 27.3/161.80% level or 0.786 upward fan line will work for support.
WFC We watch tomorrow for the bear movement (test 26.66 or whatever it was)
ONce its confirmed the calls we want to buy/ sell will be more affordable.
WE sell calls above the major support line. and buy calls that will benefit from the next up movement.
we will profit from selling Higher valued contracts buy offsetting our costs selling OTM calls.
When the market turns up we will benefit from increased VOL
Once the movement nears the top you can buy some puts and profit from market correct
(just Ideas)
Wells 1m forecastI've been following $WFC for a while now. New to charting, but here is basically what I'm trying to express. Wells continues to show strong support down near these levels. Also with the S&P back to even YTD, financials are still down ~50%. More upside than downside it seems for short-term. Reported that more than likely banks won't cut dividends. If they do, I doubt Wells cuts more than half. They need to show strength as well as rest of the banks.
WFC healthy pull backWFC has healthy pull back. Long term look good but can do some short term option trade.
TRADE IDEA: WFC OCTOBER/JULY 22.5/35 LONG CALL DIAGONALAnother financial that has recovered some, but probably has some room to run back to pre-COVID-19 levels .... .
Metrics:
Max Loss on Setup: $918
Max Profit on Setup: $332
Break Even: 31.68 versus 32.63 spot
Debit Paid to Spread Width Ratio: 73.44%
Notes: I like to do these split month, but there's no September available, so had to go out to October to buy the 90. Manage like a covered call, rolling the short call out on extrinsic approaching worthless and, if necessary, down (but not past) your break even.
WFCThe 20-day SMA has leveled off over the past week and is closing the gap between the longer 50-day SMA. The low RSI reading of around 40 means that it won't take much more selling pressure to trigger an oversold signal to investors.
Analisis WFC Basico (Test herramientas/aprendizaje)Este analisis solo se hizo a modo de aprendizaje. No cuento aun con demasiados conocimientos en la materia.
A largo plazo venia con una tendencia bajista (2018) con una resistencia aun no alcanzada (marcada en el grafico).
A corto plazo se ve una tendencia alcista (marcada en el grafico) encontrandose ademas un hueco de separacion en la ultima jornada con gran volumnen de operaciones, lo cual indica una fuerza en la tendencia. Hay que seguir su evolucion esta semana, si se cubre el hueco podria ser una señal de debilidad en la tendencia.
Puse 3 medias moviles
-21: Superada
-50: Superada
-100: Cerca de alcanzarla
Tomando el retroceso de fibonacci desde el ultimo pico precovid, se sugiere comprar cuando el valor supere los 34,28 dolares, y vender/analizar en la proxima resistencia 38,23.
Long WFCWells Fargo en semanal.. Bancos deben empezar a recuperar conforme vaya recuperando la economía
My Analysis for WELLS FARGO & COMPANY a Bullish move is startingHi Traders, I'm sharing with you my vision concerning WELLS FARGO & COMPANY, the downtrend has come to an end, now place for a big uptrend move , It's the start of a bullish big move , waiting for your comments and remarks guys, good luck for you all :)
WFC Covered CallWells Fargo has taken a beating in 2019 and 2020. With stock falling significantly, I believe the stock is due for a bounce. I bought 100 shares on 6/3/2020 @ $28.86 and due to volatile expectancy of this stock, I sold an ITM 28.50 sell call for a credit of $2.12.
My max profit is $212 - intrinsic value ($36) =$176 or 6.09% max profit at expiration on July 10th, 2020.
I do think the stock could go up 6% in the next 30 days, but it also could be very choppy. To limit my risk, the covered call protects my position to the break even price of 26.74. I will also reach my max profit as long as the stock stays above 28.50; In this scenario, I have a higher probability of success than just by the shares, at the same time, I do limit my profits.
Hit the Like button if you want to be updated. Goodluck.
$WFC Wells Fargo upside targets
Reclaimed 50MA as support which is now rising
moved above POC (redline)
MACD and Histogram Bullish
RSI in nice uptrend
Momentum indicator just crossed zero-line
CMF rising
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL , THANKS.
$JWN $DPZ $WFC $FDXOne more long idea, $BYND. Another in $WPM.
$MRNA is sold off enough to swing it up - BE CAREFUL. They may lose all the hype overnight or one bad news could swing it down significantly lower.
Wells Fargo $WFC is bottoming?It broke the downtrend line got above 50SMA and pulled back under 50SMA till to downtrend line. RSI is just above 50 and if it succeed to hold above the uptrend line the target price will be $30.46
12 month consensus price target is $39.11
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
Screw The Airline Stocks!I got Stopped Out on my shares of LUV .
Lousy Dividend, anyway.
I went "Old" School.
Added more shares to my WFC holdings.
Dividend = $2.04 = 7.49%
Watching WFC to crest @ $27.22
Wells Fargo is turning bullish1] Culmination of decline. "$24 is cheap price" - professionals decided to accumulate panic selling and establish longs
2] Supply has gone
3] Bullish attempt
Expect recovery.
The long-term target $40.
