WFC monthly channel bounce Long

Wells Fargo & CompanyNYSE

Description

⋅ May 7, 2018 3:31 AM

XLF is at the bottom of a daily channel and bouncing. This coincides with WFC at the bottom of a monthly channel. Long WFC stock at 52. Long WFC 10/19/2018 52.50 calls at 2.75 and also at 3.00. Looking for a bounce to the middle of the channel.

Trade closed manually

⋅ Jul 24, 2018 5:43 PM

Closed calls at 6.30. Closed stock at 58.43.

Trend Analysis