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WELLS FARGO & COMPANYWW

WELLS FARGO & COMPANY

64,236CLPD
00.00%
At close at Jul 11, 13:03 GMT
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WFCCL trade ideas

WFC setting up a VWAP bounce LONGOn this 4H chart, I see WFC having had a bit trend up and then a retractment through the upper anchored VWAP lines toward the mean running VWAP where I expect a bounce. At present, price action is in a bit of a flat bottom triangle. The ZL MACD supports this impending reversal with bullish divergence in the line cross under a histogram which went red to green. I will take a long trade here with a stop loss under the histogram and a target just below the pivot high in mid July. I will zoom onto a 30 minute time frame to better select an optimal entry on the reversal. I will check banks in general including the ETFs KRE KBE BNKU and DPST.
NYSE:WFCLong
by AwesomeAvani
4,000 Banks Remain Below March Crisis Level Out of the approximately 4,000 banks in the United States, it seems like JP Morgan is the only bank from this top 4 banks we are seeing here that has climbed back up from the March banking crisis. The rest are still well below their March levels. What about the other thousands of banks? Is inflation fear over? We observed an improvement in the CPI numbers, which reached 3% recently. However, the PCE number is what the Fed is concerned with, as it is still hovering around its high point. The banking crisis in March was triggered by rising interest rates, and the long term yield or interest rate trend suggesting more upside to come. How can you determine if the fear of inflation still lingers and is leading to further interest rate hikes? One indicator is an inverted yield curve, where the shorter-term or 2-year yield is higher than that of the 30-year government bonds. Take a look at the following chart. The upper window represents the cash market, which is not tradeable. The lower window represents the futures market, where we can use it to hedge and trade. Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
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by konhow
WELLS FARGO: Important bullish breakout.Wells Fargo crossed on Friday over the HH trendline that was in effect since April 19th, invalidating it as a Resistance and instead giving form to a Channel Up pattern that is supported by the 1D MA50. The 1D technicals are bullish (RSI = 69.130, MACD = 0.870, ADX = 27.314) and even though the nearly overbought RSI will required a technical pullback in order to harmonize it, on the long term this Channel Up should test the R1, so we are bullish (TP = 48.85). If the price crosses under the S1 (42.10), we will sell and target the S2 (TP = 40.35), where the HL trendline should also support on the long term. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NLong
by InvestingScope
Wells Fargo & Company (WFC) Shares in Wells Fargo & Company (symbol ‘WFC’) incurred losses in the second quarter of the year and is currently down around 9% compared to the 1st of March. The company is expected to report earnings for the quarter ending June 2023, on Friday 14th of July before markets open. The consensus EPS is $1,16 compared to $0,74 in the same quarter last year. Antreas Themistokleous at Exness: “ Wells Fargo & Co. closed $6.52 short of its 52-week high ($48.84), which the company reached on February 14th after 3 consecutive days of losses. The company's shares slipped by around 1% on Monday where the SPX was up around 0.24% and DJIA +0.62%. New allegations from its staff about racial bias comes to add to a troubling history of scandals for the bank. On the financial side with a balance sheet of $1.88 trillion in assets and $1.7 trillion in liabilities as of 31/12/2022 the company seems to be holding above water for now.” On the technical analysis side the price is trading just above a major technical support level of the 20 day moving average and the 50% of the weekly Fibonacci retracement level. The next major support area seems to be around the $40 area which consists of the psychological support of the round number, the lower band of the Bollinger bands as well as the 50 & 100 day moving averages. The MACD oscillator shows that the MACD line is on the move to cross below its signal line, possibly pointing to bearish sentiment building up with the potential targets in the areas of support mentioned above. Although this does not mean that the crossover will inevitably happen so no single indicator is capable of giving out reliable “signals”.
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by Exness_Official
WFC Wells Fargo & Company Options Ahead of EarningsIf you haven`t sold WFC here: or bought it here: Then Analyzing the options chain of WFC Wells Fargo & Company prior to the earnings report this week, I would consider purchasing the 42.5usd strike price Puts with an expiration date of 2023-8-18, for a premium of approximately $1.42. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NShort
by TopgOptions
4
WFC - Falling Trend Channel [MID -TERM]🔹Strong development within a rising trend channel in the medium long term. 🔹Double bottom formation and given signal of further rise to 47.78. Support at 42.24 if NEGATIVE reaction occur. 🔹Between support 40.50 and resistance 46.00. 🔹Technically slightly negative for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NLong
by wavepoint99
WELLS FARGO Stock Chart Fibonacci Analysis 060723 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 40.7/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
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by fibonacci6180
WFC,10d+/20.22%rising cycle 20.22% ================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NLong
by Tonyder