Entry conditions:
(i) lower share price for
WHC along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $5.55.
Stop loss for the trade would be, dependent of risk tolerance:
(i) above the resistance level from the open of 21st February (i.e.: above $5.80),
(ii) above the resistance level from the open of 13th January (i.e.: above $5.91), or
(iii) above the resistance level from the open of 30th December (i.e.: above $6.00).
(i) lower share price for
WHC along with swing up of the DMI indicators and swing down of the RSI indicator, and(ii) observation of market reaction at the support level at $5.55.
Stop loss for the trade would be, dependent of risk tolerance:
(i) above the resistance level from the open of 21st February (i.e.: above $5.80),
(ii) above the resistance level from the open of 13th January (i.e.: above $5.91), or
(iii) above the resistance level from the open of 30th December (i.e.: above $6.00).
הפקודה בוטלה
UPDATE (week ending 21-Feb): Trade abandoned since observation of market reaction at the support level of $5.55 showed that the RSI swung upwards (rather than downwards) when the share price tested the support level shown in the chart above. Since the share price ascended above the resistance level of $5.80, there's no point in tracking this potential trade any further - remove from watchlist.
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Join the socials here:
ivorywolf.start.page/ (Facebook / Telegram / YouTube)
Like/join/subscribe for the latest stock/crypto coverage!
...
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Like/join/subscribe for the latest stock/crypto coverage!
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.