The cup and handle partern complete
New high with good volume
Actual price: 28.29$
Stop limit: 26.67$(-1,62$)
Target 33.15$(+4.86$)
rewark/risk ratio = 3x
9$ is a major support/resistance for BB from 2016+, the same thing is true for the 11$ support/ressistance
We see a classic pattern : breakthrough(1 dec.) fallow by a retest(18 dec)
Actual price = 9.14$
Stop = 8.60$ (-0.54$)
Taget price = 10.80$ (1.66$) Time frame 4 weeks
Reward/risk ratio = 3.07x
Well Fargo is unable to break the 30$ resistance.
Divergence between the RSI and the price = reversal.
Well Fargo have good chance to fill the 24 nov. gap.
Current price: 29.56$
Goal: 26.50$(+3,06$ ) time frame 4 weeks
Stop: 30.50$ (-0.94$)
Reward to Risk ratio: 3.25x
Comments are welcome
Carlos
Weekly
1- 2 years downtrend
2- BB was unabled to break the trend in the pass 2 weeks.
Daily
1- RSI/price Divergence in the last 4 weeks
2- Broke the support at 6.40$ support on good volume yesterday
target beetween 5.00$ and 5.75$
