WTW Pullback trade
Mis à jour
Hi Guys,
this week, I believe we will see a pullback on this stock. It just literaly jumped up for over 15$ in the last couple weeks, and I am sure that lots of bulls will take their profits soon. Thats where I am waiting to take a swing, and sell this stock.
Entry requirement for me is the first bearish candle. I am looking at the H4 chart, and wait till I see small red candle. Thats my entry. And as pullbacks usually go 30-60% the way of the initial move, we have good chances for a quick dollar.
My SL (stop loss) will be a little above the last bullish candle, not too far though. The best target would be around 38$ but I dont believe we will make it that far. I will start trailing my stop at something around 43.25$.
Lets see if WTW loses some weight, eh?! =)
Good luck, better trades and heaps of profits!
this week, I believe we will see a pullback on this stock. It just literaly jumped up for over 15$ in the last couple weeks, and I am sure that lots of bulls will take their profits soon. Thats where I am waiting to take a swing, and sell this stock.
Entry requirement for me is the first bearish candle. I am looking at the H4 chart, and wait till I see small red candle. Thats my entry. And as pullbacks usually go 30-60% the way of the initial move, we have good chances for a quick dollar.
My SL (stop loss) will be a little above the last bullish candle, not too far though. The best target would be around 38$ but I dont believe we will make it that far. I will start trailing my stop at something around 43.25$.
Lets see if WTW loses some weight, eh?! =)
Good luck, better trades and heaps of profits!
Note
WTW is just crazy right now, isnt it?I am patient and wait for the chance to trade the pullback, and then might enter a long position
Note
Well... another day without a strong signal so far. This WTW is driving me nuts. In January I first recognized this one. I think it was around 15-17$ at that time. And now its not giving me a chance to hop on...Well, lean back, and check this stock once in a while.
Ordre annulé
The signals were not strong enough for a short entry. Right now it even seems like the uptrend will continue.This idea, is closed, since we did not get our entry trigger.
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