AlexJaensson
Long

A possible WFC rebirth means to- BUY

NYSE:WFC   WELLS FARGO & CO NEW
wfc
39 1 1
wfc
I am in no way certain here, but considering WFC's recent...mishaps... the corporation screams "go long!!" to me... I see equity in rebirth so to speak.

I drew in some general support (S1, S2, S3) at 47.10, 45.33, and lastly at 43.56. My S1 level was smashed through on Sep. 13... S2 held up for a bit, but was broken through on Sep. 26... S3 acted as a strong floor for the price, and created a clean reversal at a price of 43.56.. Price went bullish , and fell to form another reversal upon the price point of a higher low. (44.46) I believe price will continue the second bull run off of the higher low, and eventually hit a higher high, or at least an "even high"

I'm calling this one long.
My target is 45.50.
AlexJaensson
a month ago
10/20/2016 - 10:34 At night, and the trading day is well past.. Checking the days WFC performance, I notice that the price of the stock did in fact make an initial move higher, but then retraced off the of the previous support, and now resistance level of 45.33. Tomorrows activity will hopefully give the price an inclining support level to bounce off of, in hopes of a bull run up through that tough resistance level @ 45.33.
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