A possible WFC rebirth means to- BUY
I am in no way certain here, but considering WFC's recent...mishaps... the corporation screams "go long!!" to me... I see equity in rebirth so to speak.
I drew in some general support (S1, S2, S3) at 47.10, 45.33, and lastly at 43.56. My S1 level was smashed through on Sep. 13... S2 held up for a bit, but was broken through on Sep. 26... S3 acted as a strong floor for the price, and created a clean reversal at a price of 43.56.. Price went bullish, and fell to form another reversal upon the price point of a higher low. (44.46) I believe price will continue the second bull run off of the higher low, and eventually hit a higher high, or at least an "even high"
I'm calling this one long.
My target is 45.50.
I drew in some general support (S1, S2, S3) at 47.10, 45.33, and lastly at 43.56. My S1 level was smashed through on Sep. 13... S2 held up for a bit, but was broken through on Sep. 26... S3 acted as a strong floor for the price, and created a clean reversal at a price of 43.56.. Price went bullish, and fell to form another reversal upon the price point of a higher low. (44.46) I believe price will continue the second bull run off of the higher low, and eventually hit a higher high, or at least an "even high"
I'm calling this one long.
My target is 45.50.
Penafian
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