Wells Fargo may rise to 64.80 - 66.00

Our pivot point stands at 59.4.

Our preference

As long as 59.4 is support look for 64.8.

Alternative scenario

Below 59.4, expect 57.7 and 56.6.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 60.6745 and 58.8634).

Supports and resistances

67 **

66 *

64.8 **

63.8

61.46 (USD-last)

60.1

59.4 **

57.7 *

56.6 **

Number of asterisks represents the strength of support and resistance levels.