Since the beginning of the year, shares in the price level over 20,00 lost massively in value. The sales was correspondingly high and the resulting loss of course enormous. Only on the Hype levels 7,00-8,00 quotes came from friends to rest. Since the last few weeks, a viable soil formation can be observed at rates between $ 10.00 11.00. Should this level further defended well in the coming weeks are can, the chances for a sustainable trend reversal are very good. It would emerge a very bullish inverted shoulder-head-Schulte formation, which would provide the basis for price increases to expected to 20.00 22.00.
The analysts of the tradersreport would a first speculative long position in the shares of WELLS FARGO & CO. go with the WKN 857949 to Max 12,00. Necessarily cover their Lonposition with an individual stop rate at E.g. 10.00 based on closing price. For the time being, we apply our price target on six-month at 20.00. Laurent Potdevin might disagree with that approach. NO April Fool’s joke! Due to many requests from currently still free tradersreport readers, we offer monthly subscription reference also the tradersreport from 1 April 2009.
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