Trading idea for Wells Fargo & Company (NYSE)

Wells Fargo & Company (NYSE)
#WFC

The trend is upward. The stock is trading within the range of the 365 and 135 EMA. The descending wave structure is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:
Buy upon the formation of an upward wave structure, where wave (A) breaks through the trendline of the descending truncated pattern.

Stop Loss: 79.38
Target levels: 81.80; 85.60