Strength in the chart:
1. Accumulation with shakeout
2. Pentagon buy signal with increasing volume
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This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or...
The herd is bullish based on my ground observation and sees this stock as a buy. However, the stock remains a strongly funds outflow stock. It is entrenched in strong downtrend. Sell on dead cat bounces for WCT which is having an escape wave. Rebounds are merely for confirming that the stock is in cancer stage. Successful backtest of gap-down region in red means...
pada saya, WCT telah bentuk corak cup and handle .setelah retracement berlaku kat 1.12, ia telah bentuk handle yang berbentuk flag correction. Berdasarkan fibo retracment, ia telah berada kat support 0.94 iaitu fibo 0.5, support yang seterusnya ialah 0.9 pada fibo 0.618
Looking to find place to long at around 0.92-0.94.
This counter have not close its post election gap at ard 1.15, need substantial volume and buying power to do so. Volume have been improving since May
Putting this stock under watch list.
Positive divergence appearing on Daily. Beautiful !
Wave 5 should see WCT water fall towards 0.50-0.60
I'm going in with 30% capital for CORE positioning on this stock once the positive divergence growing bigger during wave 5
1) WCT price action has completed 8 Elliott Wave (EW) pattern in downtrend
2)In completing the corrective wave "C",
a) the price action had stood above the Kumo cloud and
b) broke out above the upper band of Donchian channel.
These indications tell us there is a high chance of bearish trend reversal.
3) The point of C is higher than A which...
