We've been at a steady growth this past month.. not saying history repeats itself but it looks like we're due for a breather. With SPY hitting all time highs, I can see us testing the 42 level mid May.
-2.2% may seem nothing to you, but it could generate +100% gains in less than 24 hrs trade. don't believe it? check the related link for evidence! Yesterday I published a private Idea when WFC was above 44, today it closed with+100-150% in the first few minutes of the market!
#SellTheNews is my opinion only. + I see no major opening call positions. Meaning most are just closing out any calls they had and moving on...
As you see in the charts, stocks tend to move in clusters! Bank of America, Wells Fargo, JP Morgan Chase, and KBE(bank ETF) all have made the same price pattern..! all shows stormy Days coming, if you have banks' stocks, maybe it could be a good time to trim your position..!
I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality...
I'd like to see price hold this current support level on the 4H. If price moves and closes lower than $35.80, then I will be closing these contracts for a loss. Why did I choose $42 as a profit target? Because if you zoom out on the 4H chart, you will see a price level that was created between 28 FEB and 5 MAR 2020. I believe price could reach the peak of that...
Potential gain:+35% Reward/Risk:+3 Timeframe: 4-24 wks I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to...
WFC on the go Entry: 38.95 T1: 39.65 T2: 40.30 Stop Loss: 37.8
I purchased this today. Looks good. I bought for $39.56 , stop 37.93, target 47.87.
Long term analysis moving forward we have a big level here at the 120EMA being tested today. If this financial market boom continues, we should expect WFC to get back to PRE COVID levels around $ 45.00 Watch this chart closely for a break above this EMA - Anything below this EMA has always been a dip buy! You can see it took a long time during COVID for this to...
I would take NYSE:BAC weekly puts 34.5 @ 0.17
Same idea as last week, weekly puts. I would choose NYSE:WFC weekly 35.5 P @ 0.17
top of channel / ABC or WXY complete from march lows after triangle breakout in late oct/early november. shooting star weekly. please post and correct me but zooming out i think its 5-3-5 ABC for W (2009 low to jan 2018) into an X wave and now completed X within WXY of the X macro..startin Y down to finish macro X. August 20 $23P on $BAC for me but this thing...
WELLS FARGO & Co. WFC Bullish on Weekly Chart
NYSE:WFC :WFC"]NYSE:WFC I'm usually not too interested in financial plays... but the sector and especially WFC have lagged in recovery since the early 2020 crash. Financials overall showing strength this February. WFC broke out of critical resistance. Also note cup and handle pattern. Looking for a retest of resistance turned support near $33.50 for another...