Wells Fargo may rise to 65.10 - 66.50

Our pivot point is at 58.4.

Our preference

The upside prevails as long as 58.4 is support.

Alternative scenario

Below 58.4, expect 56.2 and 54.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 58.42 and 59.581).

Supports and resistances

67.7 **

66.5 *

65.1 **

63.8

60.66 (USD-last)

59.3

58.4 **

56.2 *

54.9 **

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