We’re maintaining a bullish outlook on Wells Fargo. After a sustained period of consolidation, the stock has now broken through its RSI trend line to the upside – a classic technical signal indicating strengthening momentum and a potential continuation of the uptrend.
Why we’re bullish on WFC:
Momentum Shift – The recent breakout above the RSI trend line shows buyers are regaining control.
Strong Support Levels – Price action has consistently held above key support zones, reflecting strong underlying demand.
Positive Risk/Reward – With resistance levels being tested and upward momentum building, we see potential for WFC to move toward our target price of $92.
📌 Disclaimer: We are not licensed financial advisers. This information is for educational and informational purposes only. Please do your own due diligence and consider your personal circumstances before making any investment decisions.
Why we’re bullish on WFC:
Momentum Shift – The recent breakout above the RSI trend line shows buyers are regaining control.
Strong Support Levels – Price action has consistently held above key support zones, reflecting strong underlying demand.
Positive Risk/Reward – With resistance levels being tested and upward momentum building, we see potential for WFC to move toward our target price of $92.
📌 Disclaimer: We are not licensed financial advisers. This information is for educational and informational purposes only. Please do your own due diligence and consider your personal circumstances before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.