Well Fargo & Company Stock Code WFC.NYS
Outlook
Price broke above the cloud with a large white candlestick, after dipping below the cloud for 2 days during a price correction, which could be a hint of a strong bullish price trend ahead. Price also created an Ichimoku reversal with a price target at $52.30. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish. There was a bullish MACD crossover in the bullish zone, hinting of a bullish price trend ahead. If price is able to stay above the cloud, it could be heading towards the Ichimoku V-shaped price target at $52.30.
Strategy
$48.00 Buy
$52.30 Price Target
$45.60 Risk Management Stop
3 weeks Trade Duration
