Wells Fargo stocks has been moving in a downward trend since February. Last week there was an attempt to break the trend line upward, but it was unsuccessful, the price was at the minimums since autumn 2021.
In the short term the formed "hammer" can protect against the further decrease. But until the downward trend line is broken, expectations are focused on reaching the minimum on September 1 at the level of 43.22.
This content is for informational purposes only and is not intended to be investing advice.
