It's not a cup-n-handle; this ticker does this pattern continually for some odd reason. I would treat it as resistance instead; but hey it's just my humble opinion.
Good luck out there!
punting a tiny short position here to hedge investments in the situation the market doesn't like the repo madness and countless other problems.
I would not be surprised to be stopped out and see this go to $55 but the S&P500 is at ATH and the risk:reward for shorting US stocks is therefore high.
Wells Fargo bullish seems to be a one time affairs as theres significant signs of bearish rejection at the supply level near 88.6% of the Fibonacci retracement.
WFC - Wells Fargo share prices have a similar path as its peers but more aggressive since stepping into the price channel and making higher highs and higher lows as indicated on the chart. Share prices fell in the opening trades on Tuesday from its previous close at 46.55 to around its lows at 45.45; however, share prices recovered some of its losses and closed...
19-JUL
www.pretiming.com
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
Forecast D+1...
FRIENDS WE SAW A SUCCESSFUL HEAD AND SHOULDERS PATTERN NOW IF THE PRICE GONE BLOW THE SUPPORT LEVEL 43.69 SO THEN IN MY OPINION FASTLY IT WILL TOUCH THE NEXT SUPPORT LEVEL OF 31.50.
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.
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WFC
