WFC potential short soon Look weekly stoch trying to roll
going keep a eye on it like to see rally
stop at 38
WFC/PL trade ideas
WFC ELLIOT WAVE ANALYSISRotations to cyclicals, from tech and covid stocks. Cup and handle breakout, low RSI.
Possible entry point around 4th waves, below the median of the pitchfork, in the blue area.
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THIS IS NOT A FINANCIAL ADVICE
Wells Fargo may be up till 47$Banks are strong the last month and a capital shift is from tech stocks to bank stocks.
Wells Fargo seems to have good strength for an upward trend.
WFCLooking for WFC to continue trending up with the financial sector. Seems a larger rotation out of tech is occurring.
Looking for the smaller Elliot wave 3 (purple) to continue up or for wave 4 to start. RSI is a bit hot so may seem some sideways trading/the start of the smaller wave 4 to begin here soon.
Looking to catch wave 3 on the way up or enter on wave 4 just waiting for the chart to decide these next few days.
Overall trend should start to firm up once the larger wave 3 is finished.
Something to Watchno confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
IRON TARIHi guys!
New Iron Condor, check my last trades, and get my script for free!
But I went in trading a strangle, RR is better, because I get out from the losing leg for a lower loss
Enjoy your wallet!
Tari.
WFC Breakout Trade IdeaNYSE: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 chance at entry.
Potential medium turn play--- looking to approach and surpass $40.
WFC - Cup & Handle breakout playBreakout point - 34
Breakout target - 44
If the price break above 34, the breakout target is 44.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Something to Watchno confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
Things to look for today1.27.21 Things to look for today on DXY, Gold, WCF This is about price dynamics.
WFC LongEMA50 Crossed EMA200, Start of Uptrend
Entry 32
Stop 29
Target 40
1/15/2021 Good Earning, Price down.
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
$WFC with a neutral outlook projected following earning releaseThe PEAD projected a neutral outlook for $WFC after a negative under reaction following its earning release placing the stock in Drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
WFC Analysis Broke through (yellow) line of resistance and set a new high at 30.52. Will look to play something after another breakout of that price level (30.52) to catch newer highs.
is WFC bullish ?Wells Fargo ticker symbol WFC
- On the monthly timeframe a trend line from 2008,2009 Financial crisis to covid crash and price is pouncing back with a strong bullish engulfing candlestick pattern.
- (knowing that 15%~20% is a good indication) Wells Fargo PRICE TO FCF ratio is 3.33% a very good indication to go bullish.
- Book Value per share is 45$ higher than stock price 29$ another good indication to go bullish on WFC.
- WFC intrinsic value is 75$ with 6Y projected FCF and growth rate of 9.5%, WFC is considered to be at discount.
- price declined more than 50% from all times high, happens only every 10 or 20 years.
hold for 5 years or more WARREN BUFFET investing method
