Another request.
This one looks pretty bullish, HA candles and setup signal a continuation to the upside.
Look for a hold of the bullish condition and a move to the high targets on this one here.
Banking sector is pretty strong right now.
Be weary though, if next week turns out to be bearish in the banking area, we have a confirmed bearish reversal / top on...
Technically the price is in a range which may act as an inflection point where the sellers may come in. So decided to book profit and take some chips off the table. Will look for a re-entry opportunity, if price falls back to the low of the channel line.
It has been consolidating between 40 and 48 for many months now. This weekly chart has it coming up again on its 48 price point and if it can bypass it then it will go much higher.
If you haven`t bought the dip on WFC:
Then analyzing the options chain and the chart patterns of WFC Wells Fargo & Company prior to the earnings report this week,
I would consider purchasing the 42.50usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $1.87.
If these options prove to be profitable prior to the earnings...
█ SIMPLISTIC ANALYSIS </
Current Market Trend: short/sellers/negative.
Next Wave: buy wave to the mean.
Next Swing: negative swing to support.
Trade Type: Touch & Go don't wait for a close.
█ EARNINGS AT A GLANCE </
Release Date: 10/13 BMO
Earnings Anticipations: positive surprise for EPS & Revenues.
Surprise-Confidence: on a scale of 0-5, #3
EPS & Revenue...
Wells Fargo is planning to lay off over 500 employees in Richland County, South Carolina, by June 30, 2024. The layoffs have already started, with the highest number of job cuts in the state listed at their location on 101 Greystone Blvd. These layoffs are part of a consolidation process affecting behind-the-scenes employees, with bank tellers and customer service...
Phase 1
Wells Fargo (priced in #silver) is setup for a move DOWNWARDS, towards that PARADIGM shift breakdown line.
Phase 2
But that only leads up to MUCH bigger move, AFTER it breaks down below that line.
Bull ERA for #gold, #silver, #uranium, and #crudeoil when this happens.
WFC
WFC looking more like KFC to the bears.
If you look at many of our banks and their stock charts, they have doe nothing but move sideways since the crash of ‘07-’09. Now about 15 years later, it looks like its time for the bears to finish off most of these banks and what we’ve known as our banking system.
Was it a coincidence that Bitcoin was created 2008...
On this 4H chart, I see WFC having had a bit trend up and then a retractment through the
upper anchored VWAP lines toward the mean running VWAP where I expect a bounce.
At present, price action is in a bit of a flat bottom triangle. The ZL MACD supports this
impending reversal with bullish divergence in the line cross under a histogram which
went red to...
The PEAD projected a bearish outlook for NYSE:WFC after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
Out of the approximately 4,000 banks in the United States, it seems like JP Morgan is the only bank from this top 4 banks we are seeing here that has climbed back up from the March banking crisis. The rest are still well below their March levels. What about the other thousands of banks?
Is inflation fear over?
We observed an improvement in the CPI numbers,...
Wells Fargo crossed on Friday over the HH trendline that was in effect since April 19th, invalidating it as a Resistance and instead giving form to a Channel Up pattern that is supported by the 1D MA50. The 1D technicals are bullish (RSI = 69.130, MACD = 0.870, ADX = 27.314) and even though the nearly overbought RSI will required a technical pullback in order to...
Shares in Wells Fargo & Company (symbol ‘WFC’) incurred losses in the second quarter of the year and is currently down around 9% compared to the 1st of March. The company is expected to report earnings for the quarter ending June 2023, on Friday 14th of July before markets open. The consensus EPS is $1,16 compared to $0,74 in the same quarter last year.
Antreas...
