Bearish potential detected for WPR

11 sty

Entry conditions:
(i) lower share price for WPR 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 $2.34.

Stop loss for the trade would be:
(i) above the resistance level from the open of 12th December (i.e.: above $2.42), or
(ii) above the resistance level from the open of 27th December (i.e.: above $2.47), depending on risk tolerance.

18 sty

Zlecenie aktywne

UPDATE (week ending 17-Jan): Trade activated 13th January, however it appears that the trade may have been reversing against the short position throughout the remainder of the week. Original risk management allowed 'wiggle room' to an area above $2.47 as the ultimate stop loss zone, so let's see how this goes (the two red candles on Thursday and Friday may be showing some selling pressure towards the end of the week which could reinforce the short position once again).

przedwczoraj

Uwaga

UPDATE (week ending 24-Jan): Share price appears to be stubbornly stuck in 'range bound' territory at present - observe market reaction to support level at $2.34 once again whilst maintaining ultimate stop loss zone above $2.47 as discussed in last week's note.