Wells Fargo declines in volatile session - Analysis - 03-11-2022

Wells Fargo's stock (WFC) fell in the intraday levels while gathering positive momentum to regain ground, while venting off overbought saturation in the RSI with negative signals out of them, as it trades alongside the downward correctional short-term trend line, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 51.20, provided the support of 43.60 holds on.

Expected trend for today: Bullish