Wells Fargo is reporting earnings on Friday. It is expected to report earnings of $1.18 on revenue of $20.1bn.

Wells Fargo, another big player who's reporting earnings on Friday. The bank is expected to report earnings of $1.18 on revenue of $20.1bn, and currently, its shares are trading around $42.34 a share. Looking at the chart, we can see that the price has been gradually creating higher lows and higher highs. Though this has been fairly minimal. Moving a little sideways and keeping itself within the channel, minor support sits at $42.21. A break below this support level could see a test of support at $41.30 and then at $40.20. On the other hand, if we see some consolidation along with a positive earnings report, we might see an attempt to overcome the resistance. The resistance is sitting at $42.45 then at $43.33 and then at $43.80 (upper trendline of the channel). A break and close above $43.80 may see the price rise higher towards $45 a share. Though this is not guaranteed. The technical indicators are a little mixed, MACD is positive but volume is lowering and could be turning neutral. And similar to the RSI, it's reading 54 (suggests positive), but seems to be faltering towards a neutral stance.