Broke through (yellow) line of resistance and set a new high at 30.52. Will look to play something after another breakout of that price level (30.52) to catch newer highs.
The Fed reserve said late Friday it will let allow banks to start buying back stock again, restrictions that were put in place amid Covid 19 back in June of 2020. With that little bit of fundamental news and the technical charts where Wells Fargo is, we can look for some long entries on this stock. Our Monthly chart shows a 10-year Support levels near $24...
Looking to break into red circle and form new support on our yellow resistance before making entry!
10.22.20 Even if you have no interest in Wells Fargo, there are great examples here of how a market expands and contracts and the market dynamics around this that can help you in almost any market. When markets become contracted, they are much more difficult to trade. In extreme contraction can be called a coil, and these should not be traded. However, markets...
Prices are moving inside a channel, the idea is to hold before going long. Just wait that the prices will get closer to the bottom flat resistance line before going long. Wells Fargo — Wells Fargo shares dropped 5% after the banking giant reported a weaker-than-expected profit for the third quarter. The company said its earnings per share came in at 42 cents and...
10.14.20 This is the second follow up on Wells Fargo. It would probably be useful to follow the three videos on this stock...and draw some of these lines ( they don't have to be perfect, but they MUST include breakout buyers and sellers ).
Disclaimer
For Investors, It is a very good stock in finance. this company is financially strong. I did company analyis, scams, frauds, fines and etc. even after all it has strong GI, NI, ROE,ROA. Do your own research before investing.
TITLE/(DATE)- WFC Wells Fargo (9/23) ASSET- STOCK ORDER TYPE- market first/BUY LIMIT Time Frame-1Week ENTRY PRICE 1- $23.40 market ✅ ENTRY 2- $20.40 (pending) STOP LOSS- $18.40 (50 PIPS) TAKE PROFIT 1-$28.40 (50 PIPS) TAKE PROFIT 2- $33.40 (100 PIPS) TAKE PROFIT 3- $38.40 (150 PIPS) STATUS: 🏃🏽♂️ACTIVE 🏃🏽♂️ Wells Fargo & Company is a bank holding company. The...
NYSE:WFC Just an idea: If WFC can hold the line (I mean Demand zone), It can rise to $25.15 (Weekly Pivot) Entry now $23.50 Take profit $25.15 Stop loss or hold long is up to you. Disclaimer!
My idea on Banks coming up. For some reason i believe Banks like JP and GS will do well coming up. And believe while techs take a break possibly and even some names retreat , Financials will have to step in and save the day with MKTS. GOOD LUCK TO ALL
The undervalued gem .
BAC : Bank Of America , Too big to fail .