Wells Fargo share to discount -15.8%, WFC $33.50Wells Fargo stock chart on a week time scale highlights a bearish setup, that on a micro-level has been confirmed by the downward revised guidance issued by the bank.
In terms of the chart, becomes possible to see how both weekly candles have shaped a hanging man, with resistance at the Tenkan line, in a downtrend channel already where the stock price trendline,
has already confirmed the sell signal below the IKH Senkou A/B cloud.
Wells Fargo's stock price trendline should drift lower on $37>$33.50