Wells Fargo & CompanyUpdated WFC and other Financials Looking Grim
WFC has been unable to gain 50.5-51 resistance for months now, and the chart may indicate that it is time to retest lower. the last weekly level retest was 44.59, which bounced strongly and reversed. if 46.6 is lost, we should look towards 43.2 for next support test.
Lower still is 41.65 and 38.03 as well as others, but these levels may not apply for some time
Lower still is 41.65 and 38.03 as well as others, but these levels may not apply for some time
Note
today we bounced on and close above support, and will either test resistance or try again, if the former, look for 48-48.20 short zone, above this is very bullish
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.