Wells Fargo - trouble?

Wells Fargo is in an extremely delicate moment right now. The U$ 28.88 (blue line) seems to be the most important price region, where it was tested several times as support and resistance alike.
The prices are in a support region at the moment (pink line), but the loss of this region could make the prices drop to lower levels (orange or red line). It would be a very risky buy, not worth in my opinion, because we lack bullish signals here. Also, there is something that seems to be a Head and Shoulders pattern (red circles), which is a bearish pattern, but I would wait for a pullback to short the stock. It is very dangerous times and is better be safe than sorry.

Kommentera:

WFC still not showing any signal of strength here. It would be a very risky long trade, with a good risk/gain relationship, yes, because the stop loss would be cheap, but still very risky (no free lunch).

I maintain my previous analysis, we need to wait for the bulls to show up to see if the prices could go up to U$ 28.88, the most important barrier to surpass right now.