WELLS FARGO - LIKE really, how far can this stock go?

Personally, I think a lot of banks are going to get hit really hard.
WFC is on an edge and it doesn't look good.

Here's the chart
price targets and trends are marked.

If this thing pumps to some of these rejection zones, I'd look to enter short.
Who knows, we might already have hit top.

The drop from current price to the targets low is around 40% and 60% or so from the high.

評論:

We are over a really nice rejection line/strong trend. Price has potential to take off from here, how high? not sure, but lines are marked. Drop should be steep from any parabolic move to the upside from here.

評論:

I'm like 90% sure most of these trends are still relevant to price action and we are technically on a breakout of the major rejection trend.
I'll try to get an updated chart out when I can with some updates.