Stocks Forecast Video $WFC and $CCF
Stocks Forecast $WFC
The stocks forecast On Wells Fargo this week, Price is retesting demand at 54.50 down to 53.20. This demand zone has been tested several time in the past few month since December. Because it’s been tested so many times, I believe that it is now weak and that in the next week we will see price push down into $52. Price has not been able to retest December’s high very well and now I think it’s going to drop hard. Bottom Line: price is at daily demand and it is in an uptrend. However, weakness from a technical aspect is creeping in and I think it will cause this market to sell off more.
Stocks Forecast $CCF
On Chase this week, Price has been chopping around for that past month and we have see a couple of consecutive lower lower candles on the daily time frame. If price close below today’s low($102) with a red bar expect a sell off down to the daily demand zone at 96.58 to 93.00. However if this doesn’t happen then I could see price pushing off and making new highs at $108.
Only time will tell which one of these will work out. I’m thinking that price will break down as I look at the hourly. The support levels that it’s been hitting off of are getting weak and I don’t think they can stand another retest. Bottom Line: Price is in an uptrend. However it’s been going sideways for a while. I’m expecting to see an expansion out of this consolidation area that it’s been in for a while. It would be nice to see it with the Trend, but I’m feeling a deeper pullback first.
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