Wells Fargo in a downtrend

26 april 2022 82
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
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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.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
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