WFC head and shoulders on weekly? Kort

NYSE:WFC

Wells Fargo & CompanyNYSE

Beskrivning

⋅ 12 okt 2021 00:58

Possible head and shoulders forming on the weekly. Break blue trendline for confirmation.

Kommentera

⋅ 14 okt 2021 16:31

$2+ drop since posted. Would have printed on the puts on this one.

Trend Lines Head and Shoulders

Kommentarer

MizzouChemRxn

⋅ 14 okt 2021 16:38

Good call, it was doing well today for a rebound but the CEO has a big mouth. I'm still for it going up after this... neckline is around the low to mid 44's

SurfsUpAssHat

⋅ 14 okt 2021 17:00

@MizzouChemRxn, agree it will be a good time to go long on this one to the upside. Will be looking at some call leaps.

MizzouChemRxn

⋅ 14 okt 2021 17:05

@SurfsUpAssHat, to keep risk to downside the March 2022 calls for 50 strike are super cheap. I know because I’m getting my ass handed in them from when WFC was 48/share.

MizzouChemRxn

⋅ 15 okt 2021 15:44

@SurfsUpAssHat, Hope you printed some calls... wow it's up 6%+ today

SurfsUpAssHat

⋅ 15 okt 2021 16:03

@MizzouChemRxn, wish I did, was playing BAC instead

MizzouChemRxn

⋅ 15 okt 2021 16:15

@SurfsUpAssHat, What did you do on them? Puts or calls? They're still up nicely today.

SurfsUpAssHat

⋅ 15 okt 2021 16:35

@MizzouChemRxn, calls. A win either way but would have been nice to play both stocks

MizzouChemRxn

⋅ 12 okt 2021 12:51

Inverse head and shoulders on XLF, BAC, JPM... WFC has had poor news and so it doesn't look the same. Also, you could call (your chart shows) WFC a cup and handle with a retracement of the handle that has now formed into a symmetrical triangle.

Mer