WFC - Wells Fargo ABOVE 200SMA & 200EMA

22 sept.

WFC crossed both 200EMA and 200SMA.
ROC and RSI are confirming the direction of the price.

However, DMI+ is still below DMI-, DMI- couldn't keep the strength to keep the negative direction and so it's losing strength with ADX changing direction close to DMI+. With the DMI+ already crossing DMI- in the 4hours time.

Volume it's increasing together with the price, highlighting the increase in demand

25 sept.

Note

Price went to 200-EMA, a important level in March 2024, and if we go further in time we see that it was an important price of supply, however, this time it can be difference and be a good level of demand, since the price didn't close below the 200-EMA