not a financial advice, my position based on my analysis and bias.
As of late, the vast majority of us probably have been hearing about "too big to fail" or " a free market vs. a central market" What does all of this mean?" Well, let's go over some of the basic stuff. As in some of my prior posts, it is important to understand that the "Fed" does NOT control mortgage rates or loan rates from your local banks. Let me repeat that...
BAC is shown here on the 15 minute chart. Fundamentally, it is under pressure like many other banks including First Republic. On the chart, price is in a downtrend having bounced from VWAP (redline) in confluence with the blue line of the top of the high volume area of the volume profile. Price is underneath the blackline which is the 210 HMA. Only...
WFC looks bearish. The rising wedge broke down and it's likely to see more downside on WFC. Enter short position at the bearish retest. Targets are shown on the chart. Invalidation of the thesis would be if the price comes back and closes successfully above the upsloping resistance .
Closing out NYSE:WFC short position from 41.33 and looking to go long from 39 range
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.
ADDTIONAL INFO: Big Picture appears to be a downtrend. Here are a few opportunities to capture the short If you don't have access to leverage to short, then I'd just wait for the opportunity to Buy @ 6.85 — which will, unfortunately, take a few years. But you should be ready by then...LOL. SLO @ 46.25 SSO @ 37.70 TP1 @ 33.50 TP2 @ 25.80 TP3 @ 8.00 BLO @ 6.85
Wave C within a huge running flat, already completed Wave 1-3. There is one more push to the downside to go. Fibonacci gives some ideas for goals. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where...
Wells Fargo..... It's time to go up on the daily... Supply & Demand Get ready for Tomorrow.. Let me now how it will goes tomorrow??
18% to be made on daily timeframe if the support holds today 1. RSI DIVERGENCE Daily timeframe 2. Strong support Area 3. 3 to 1 ratio buy opportunity Entry , SL and TP are shown on the chart. Good luck P * 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲. 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
What we are seeing with these banks are the side effects of massive monetary expansion. This is the result of the Covid money printing fest. We will soon enter the withdrawal phase ... Right now the banks are deep into the headaches. ✔️ Wells Fargo looks pretty bad. While last week you could say everything was fine based on the chart signals, this week...
WFC is up about 10% over the last month and even more since Dec of last year, however the weekly price closed down last week, and is now down two weeks in a row. Several bearish indications are suggesting a pull-back in price. However WFC will issue a dividend payment to shareholders on March 1st which is supporting the current price. Overall the WFC price...
The WFC options market is displaying a bullish trend, with resistance at 50 and support at 47. Stay informed and make informed trading decisions by keeping an eye on these key levels. Stay ahead of the game with our latest update on WFC options trading.
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.
Will the stock move to the $45.88 area or retest the $40.00 PL? The consensus earnings estimate is $0.63 per share on revenue of $20.01 billion. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 54.35% with revenue decreasing by 7.85%. Overall...
WFC most likely on downtrend especially after it break out from the support line of Double Top pattern. Can notice that it is having high selling volume on date 20 Dec & 21 Dec which break out the support price 40.92 USD. This is a initial signal that it is bearish on WFC for future direction. However if the price move upward which higher than the orange...