Advised Trader

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Wells Fargo Trade
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Wells Fargo Trade

0945 CST

Derek William Frazier
Apr 14, 2022
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Wells Fargo Trade
www.advisedtrader.com

$WFC has had a recent 20 day peak and a selloff on earnings; it has also broken support yet again; it can go back to $20.

The peak of its 80 day cycle is rapidly approaching, and it can be expected to fail at resistance of any kind, which $48 seems like a good place today.

Its steadily under 100 period moving average andy bounces expected to fail.

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