Wells Fargo stock chart on a week time scale highlights a bearish setup, that on a micro-level has been confirmed by the downward revised guidance issued by the bank. In terms of the chart, becomes possible to see how both weekly candles have shaped a hanging man, with resistance at the Tenkan line, in a downtrend channel already where the stock price...
I'm with Dr. Burry on this on. This financial crisis will really hit the banks.
A bullish swing trade? Bouncing of EMA10. Target is 1.2x
Although the chart looks quiet bearish at face level, it actually may be bottoming. Looks like a bullish descending wedge is in motion. Also with rate hikes in picture, WFC is the most to benefit of all banks. With the 5/23 Chase investor meeting where they said increased their performance targets (reversing their commentary from Jan) - which indicates they don't...
WFC has found support at the 2.618 Fib level (circle) Price has found its place above of an upward channel that can be drawn A downtrend can also be seen which hits the low point
Main Pattern: Reversal Top H&S Short on 26 April ALL ENTRIES on weekly charts made during the week are anticipatory, MUST BE confirmed at the weekend
bancos americanos seguimiento pretende capturar el mmento de las rupturas claves
The PEAD projected a Bullish outlook for $WFC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 72.73%.
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...
Inside 4 hour for the continuation? Banks may push this week as earnings season kicks off. Closed above the trigger to keep the 2u in force.
wfc is at the strong support line so you can entered to a buy position with carefull postion sizing still not late to get in but be carefull. we got earning coming next week but it seems earning would not be bad wfc is a big bank with cheap stock price compare to JPM.
Strange I know and I do not blame you if you call me crazy! Earnings are next week on Thursday. Banks have been on the bad news side of things as of late like almost everything else )o: If this goes below 45.77 before next Wednesday afternoon, then I am not getting in and plan to watch before earnings. I need a bank in my IRA. Possible stop below 45.76 No...
Buy signal with the main up trend, very well placed Doji candle after a nice pullback move...
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 is lacking behind in offering digital assets to the consumers such as the flexibility of other modern silver and gold spending accounts.
Entry: 50-52 Stop loss: daily candle closing below 50 Reward/Risk: 4 Target range: 60-61 Time Frame: 4-6 wks Possible gain: 15% Possible loss: 3.75% Position size: 5 % of trading capital You can see the most important support(green line) and resistance (red line) levels. Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a...
WFC Key levels, Analysis & Targets Time frame D1 Bearish Divergences in MACD & RSI Indicator