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...
11.2 20 I wanted to show follow-up on W FC before I take this off my watchlist... As it pertains to the prediction that I made on a previous video. I wanted to show a chart of NWL from one of my students. These two students are the reason why I post here, and it is gratifying to see their results. Believe me, with me it's all about the results, and if you had a...
Rudeness and angry comments to posts should be unacceptable...especially when you are in an environment that encourages sharing ideas...and leaves the option for people to not look at your posts.
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...
October 20, 2020 premarket analysis of Wells Fargo looking for a long trade. I didn't start out with the intention of spending a lot of time on Wells Fargo. It turned out to be a sequence of days following the price action and overall behavior of a narrow range market using the tools and observations that I would normally use.
I'm not sure if I'm going to follow...
10.15.20 Today's update on Wells Fargo. If I wanted to be a buyer...what would I look for. How I would look at the market from a price action...and a structural perspective. How I would view this from the hypothetical viewpoint of the "smart" money vs the "fast" money....as well as wash/rinse cycles and running stops.
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 ).
10.3.20 A look at Wells Fargo. Thanks PlanTradePlanMM for your chart. Correction: the 1.272 extensions would be reversal levels to go long...and I misstated it at one point...sorry about that. It is tough trading to trade contracted markets. The previous video was about expanding markets: much better R:R if you have an awareness of the market dynamics. ...
We watch tomorrow for the bear movement (test 26.66 or whatever it was)
ONce its confirmed the calls we want to buy/ sell will be more affordable.
WE sell calls above the major support line. and buy calls that will benefit from the next up movement.
we will profit from selling Higher valued contracts buy offsetting our costs selling OTM calls.
When the market...
