Bullish Confirmation Indications
1. WHC has broken out of the long term downward trendline with High Volume
2. Price Action have been impulsive which indicates that Bulls are in control.
I am a confident buyer between $1.285 - $1.175 Buy Zone which can give potentially a 70 % gain.
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
1. WHC has broken out of the long term downward trendline with High Volume
2. Price Action have been impulsive which indicates that Bulls are in control.
I am a confident buyer between $1.285 - $1.175 Buy Zone which can give potentially a 70 % gain.
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
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Daily Bearish Candle printed. Expecting price to come down into or near Buy Zone.
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Price is consolidating after pumping higher at Resistance and the High Profile Volume Zone and MACD has crossed down, which shows Bullish Momentum is fading. I am expecting price to retrace to the Buy Zone between $1.200 - $1.440, which may give a buying opportunity.
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Since breaking its downtrend line, it has been moving up nonstop, though I still believe that any pull back lower should provide a good long term buying opportunity. Price Action shows that it is facing resistance and I believe that it should now retrace lower to provide the Buying Opportunity. I will wait for price to pull back in the Buy Zone of $1.30 - $1.50 to buy this stock.