Wells Fargo may rise to 63.30 - 64.60

Our pivot point is at 56.5.

Our preference

Short term rebound.

Alternative scenario

Below 56.5, expect 54.4 and 53.1.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above its 20 day moving average (58.207) but under its 50 day moving average (59.5404).

Supports and resistances

65.8 **

64.6 *

63.3 **

62

59.39 (USD-last)

57.3

56.5 **

54.4 *

53.1 **

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