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inco1

$wuba breakout on LTF

Long
inco1  
NYSE:WUBA   None
WUBA Trend Lines continuation Support and Resistance positivedivergence consolidation
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wuba trendline continuation supportandresistance positivedivergence consolidation
higher time frame is in defined uptrend finding support on trendline
intermediate time frame is showing a range-bound consolidation with price action pressing up against resistance of the .50 retracement level of 43.50
lower time frame is showing a breakout and minor pullback of triangle continuation pattern
rsi on intermediate time frame is showing positive divergence
looking for a move up to the .38 retracement level of 44 .3x - 44 . 4x area
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