Wells Fargo may rise to 66.10 - 68.00

55.2 is our pivot point.

Our preference

As long as 55.2 is support look for 66.1.

Alternative scenario

Below 55.2, expect 52.3 and 50.5.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 58.975 and 59.442).

Supports and resistances

69.8 **

68 *

66.1 **

64.3

60.24 (USD-last)

56.4

55.2 **

52.3 *

50.5 **

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