Wells Fargo Trading Analysis (11/06/2024)

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА.The downward inner wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy when the formation of the ascending wave structure starts, when the wave A breaches the sloping channel of the downward truncated structure.

Stop-Loss at 57.32.

Target price levels at 60.20 and 62.42.

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