Whirlpool has remained in an accumulation rectangle zone for almost a year preceeded by over 2 years of bull run. The scrip has seen some supply that was absorbed and has been followed by a relatively higher volume breakout on the weekly charts. There appears to be strength in the uptrend.
Longs may be initiated on dips (closer to EMA 9 on the weekly charts).
Stop Loss should be maintained at 1655.
Longs may be initiated on dips (closer to EMA 9 on the weekly charts).
Stop Loss should be maintained at 1655.
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Expecting consolidation. Dips should be used to add to the long position.
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Exhaustion appears to be setting in.
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Renewed bullish activity recorded.
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The trend appears to be intact. Hold longs.