Wells Fargo at 61.8% Fibonacci Retracement. We look to Buy at 51.28 (stop at 49.63)
Wells Fargo - Short Term - We look to Buy at 51.28 (stop at 49.63)
Preferred trade is to buy on dips. Previous support located at 51.00. We have a 61.8% Fibonacci pullback level of 51.49 from 46.04 to 60.30. The medium term bias remains bullish. Expect trading to remain mixed and volatile.
Our profit targets will be 56.06 and 59.10
Resistance: 57.00 / 60.00 / 65.00
Support: 51.00 / 47.00 / 40.00
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