After the last price target was reached:
Now looking at the WFC Wells Fargo & Company options chain ahead of earnings , i would buy the $42.5 strike price Calls with
2023-7-21 expiration date for about
$$1.02 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Looking at the WFC Wells Fargo options chain, i would buy the $42.5 strike price Puts with
2023-3-17 expiration date for about
$2.14 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Wells Fargo
Short Term - We look to Sell at 52.76 (stop at 54.67)
Preferred trade is to sell into rallies. There is scope for mild buying at the open but gains should be limited. Bespoke resistance is located at 52.00. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 46.89 and 44.53
Resistance: 52.00...
Wells Fargo - Short Term - We look to Sell at 51.31 (stop at 53.31)
Preferred trade is to sell into rallies. 20 1day EMA is at 51.20. Bespoke resistance is located at 51.00. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 46.00 and 44.53
Resistance: 51.00 / 55.00 / 60.00
Support: 46.00 / 43.00 /...
Wells Fargo - Short Term - We look to Buy at 51.28 (stop at 49.63)
Preferred trade is to buy on dips. Previous support located at 51.00. We have a 61.8% Fibonacci pullback level of 51.49 from 46.04 to 60.30. The medium term bias remains bullish. Expect trading to remain mixed and volatile.
Our profit targets will be 56.06 and 59.10
Resistance: 57.00 /...
Wells Fargo - Short Term - We look to Buy at 52.00 (stop at 50.30)
We look to buy dips. 50 1day EMA is at 51.50. Buying continued from the 50% pullback level of 52.56. Posted a Bullish Hammer Bottom on the Daily chart. Previous resistance, now becomes support at 51.00.
Our profit targets will be 58.10 and 61.45
Resistance: 55.00 / 59.00 / 65.00
Support: ...
Wells Fargo ticker symbol WFC
- On the monthly timeframe a trend line from 2008,2009 Financial crisis to covid crash and price is pouncing back with a strong bullish engulfing candlestick pattern.
- (knowing that 15%~20% is a good indication) Wells Fargo PRICE TO FCF ratio is 3.33% a very good indication to go bullish.
- Book Value per share is 45$ higher than...
