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Wells Fargo & Company
Long

WFC - Wells Fargo ABOVE 200SMA & 200EMA

99
WFC crossed both 200EMA and 200SMA.
ROC and RSI are confirming the direction of the price.

However, DMI+ is still below DMI-, DMI- couldn't keep the strength to keep the negative direction and so it's losing strength with ADX changing direction close to DMI+. With the DMI+ already crossing DMI- in the 4hours time.

Volume it's increasing together with the price, highlighting the increase in demand
Note
Price went to 200-EMA, a important level in March 2024, and if we go further in time we see that it was an important price of supply, however, this time it can be difference and be a good level of demand, since the price didn't close below the 200-EMA
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Double BottomemacrossoverMoving AveragesnyseOscillatorspatternRelative Strength Index (RSI)S&P 500 (SPX500)stocktradingVolume
AFCapital21
Follow the social network, free telegram link: t.me/afcapital21

Instagram: afcapital
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.