roman.migu

WDI - a tactical long ?

Long
XETR:WDI   None
80-85 EUR level should provide a strong support level for a tactical long trade with a potential upside move of 30-40%, even in against the backdrop of accounting scandal.
Uptrend has been in place since 2016 and 50 weekly EMA continues to stay above 200 weekly EMA, providing price with a possible positive momentum.
A WDI stock seems to be a trading instrument for European traders for the last few years. The charts imply that this could still be the case throughout 2020.
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