KVBroccoli

WFC Breakout Trade Idea

Long
NYSE:WFC   WELLS FARGO & COMPANY
NYSE:WFC:WFC"]NYSE:WFC

I'm usually not too interested in financial plays... but the sector and especially WFC have lagged in recovery since the early 2020 crash.
Financials overall showing strength this February.
WFC broke out of critical resistance. Also note cup and handle pattern.
Looking for a retest of resistance turned support near $33.50 for another chance at entry.
Potential medium turn play--- looking to approach and surpass $40.

Comments

Great analysis and chart. Thank you!
Reply
Great analysis ! they day I've been waiting for. Cheers!
Reply
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