Wells Fargo & Co.: An Expected Move Close To The Overhead Resistance Level
Today’s instrument is the Wells Fargo & Co. stock traded in the NYSE exchange under the ticker WFC.
When we look at the WFC’s chart, we can see a gradual steady uptrend for the past 7 days, rising from the $53.50 support level into the $55 range, breaking over the $55.5 overhead resistance, well into the $56.5 range, and reaching as high as $57.It was last found trading at $55.96
Wells Fargo & Co. will announce its quarterly earnings today 14th January. If earning expectations are surpassed, we could expect the price to move upwards, towards the $60 price range
Today we can expect a move close to the $57 overhead resistance level.
If however, it does not manage to hold on to the current level then a move close to the $55.5 closest support can be expected.
(Click on image to enlarge)
Disclaimer: Trading is risky. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading ...
more