IvanLabrie

WFC: Buy gradually over a week

Long
IvanLabrie Updated   
NYSE:WFC   Wells Fargo & Company
WFC gave a nice signal to go long here, when retesting the prolongation of the earnings support to the left (dashed line). I'm adding gradually over a week in this zone. I currently hold a 1.5% account position, since I think we might take a while to take off, but we will most likely see a continuation of the Trump induced rally, and as Tim West pointed out in the Key Hidden Levels chatroom, it has a lot of room to catch up to $BAC, so, don't miss it.

Good luck,

Ivan Labrie.
Comment:
1 like in 5 hours, quite dramatic. No one likes this, or no one saw it.
Comment:
Added a second 1.5% position at the open...all in the money now.
Comment:
Avg. entry: 52.90
Comment:
I added twice after the last update, now have a 90 cent trailing stop, currently sitting at 56.39. Avg price: 54.01
-I added another 1.5% position at 53.52 and a final 3.42% position at 55.20.-
Up 0.5% account on it now.
Trade closed manually:
Trailed out in profit.

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