Wells Fargo keeps rising - Analysis - 02-02-2023

Wells Fargo's stock (WFC) kept rising in the intraday levels, while buoyed by piercing the downward short-term trend line recently, buoyed by trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the resistance of 53.30, provided the initial resistance of 48.36 was breached. 

Expected trend for today: Bullish