Immenent collapse of most of the banking sector to consolidate power further. Wells Fargo lining up terribly as it continues to face rejection and now breaking out of its consolidation structure and rejecting out of it as resistance.
This is why Bitcoin makes even more sense now more thn ever. I will be adding up BTC aggressively as much as possible as well as...
SInce Reversing at the PCZ of a Bearish Shark WFC has formed a very clear and defined Diamond Structure. I believe that this week we will confirmed a Bearish Breakdown of Structure and the Moving Averages in which that should mark the start of a Volatile Decline to around $20 or even lower.
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...
I love this bank, But not at this price. Rate continue to rise at a moderate pace and although inflation has slowed I feel that there should be a pull back to maintain a safe market with consistent liquidity. I see a price manufactured in part by greed. Though WFC is well run and is a very solid stock for the long portfolio. I just thin that buying it here is not...
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.
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 66.67%.
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 $20.01 billion. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat.
Consensus estimates are for earnings to decline year-over-year by 54.35% with revenue decreasing by 7.85%.
Overall...
WFC most likely on downtrend especially after it break out from the support line of Double Top pattern.
Can notice that it is having high selling volume on date 20 Dec & 21 Dec which break out the support price 40.92 USD. This is a initial signal that it is bearish on WFC for future direction.
However if the price move upward which higher than the orange...
Hello dear Traders,
Here is my idea for #WFC
Price closed below yellow line (previous month low)
Price closed in 15 Minute chart below purple trigger line -> Enter Trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please,...
Falling window 🕯.. Bearish..
I highlighted the previous ones with green arrows
First target 42$ gap close.
My final target is support trendline
Grab some time if you want to ride the whole wave down, could take a couple of weeks . 11/18 minimum.
