WCH | 2 Buy zones and 1 long idea | Solutions and matter

8 thg 4, 2022

General
WCH is currently in a no buy area for me as price approaching the top of the range with a big resistance zone. (red rectangle + Level 2).

I marked 2 buy zones where i would buy equally stocks for long term hold - therefor no SL (Stop- Loss).
First buy zone is based on the 50% of the range and a big s/r level.
Major buy zone is at the bottom of the range with 2 big support levels.

The 1 long idea (blue arrow) is another scenario under which i would buy.
Target: Fib extension in confluence with the % of the full range - ETL1
Requirements: Price breaks above the resistance area (red rectangle), generates swing and enter on break of that swing.

Good luck


Disclaimer:
- This information does not constitute as financial advice and is only for entertainment purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh

9 thg 5, 2022

Ghi chú

Resistance zone (Level 2) acted and pushed price down

15 thg 10, 2022

Giao dịch đang hoạt động

First buy order was filled

17 thg 1, 2023

Ghi chú

Sell order placed below Level 2 (red rectangle)

23 thg 2, 2023

Đóng lệnh: đạt mục tiêu

Closing my Wacker position here. +27% since opening. Nice run of Wacker specially in the last weeks. Will buy again if price should fall back to one of the marked buy zones.