******THE STOCK OF NASDAQ:WPRT HAS HAD SOME FANTASTIC PRICE ACTION FOLLOWING A FANTASTIC EARNINGS REPORT WHICH HAS CAPTURED THE ATTENTION OF INVESTORS. LOOK OUT FOR CONTINUATION OF THE TREND TOWARDS $3.60******** RECENT EARNINGS HIGHLIGHTS "Our Q1 2019 results are another validation of our strategy and reflect improved performance across all of our...
There has been a short-term momentum shift in this stock. Following a swift pullback in the long-term utprend, the price recently rallied aggressively, erasing the last leg of the pullback. This could indicate the next up phase is starting. Target is fairly aggressive for a short-term trade. If there is a strong reversal near the target, just get out. Trailing...
See link below for longer term charts and discussion.
This is a f/u from the July post. (see link). Shares started going up again after last post and recently have corrected some. Big up day today suggests possible change in correction, either sideways such as triangle or possibly big up move straight ahead.
Compelling continued downward action with further indications of same from oscillators
I redid my count since previous post based on price action. Drop today to the .62 level on the news. Now have positive reversal in the daily RSI . I remain long term bullish . VANCOUVER, B.C., July 14, 2017 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems”) ( WPRT -20.36% ) ( WPRT -20.36% ) today announced the pricing of its offering of...
This companay has gone thru a long decline from 50 to <1. In the past few months it has gone up about 300%. Personally it looks to me like it is making a 5 wave up pattern and I favor there may be one more quick pop up perhaps to the price of 3. Would go along with what I favor will happen in the IWM. But the WRPT RSI favors a retraction soon due to some profit...
WPRT has broken a descending wedge on 4h chart with a big bullish divergence. I'm expecting more upside.
Chart pattern only: WPRT is above key resistance areas and if a dip happens then an ideal entry will be setup. $23 target longer term. $15.75 stop loss. Tim 18.38 last, buy on dips to $17.50 or less. 7/1/2014 12:32PM EST
The gap is filled, Maribuzo resistance is broken, H&S pattern is formed. I think now we will see on many graphs final fifth wave. Therefore, we must prepare to take profits.
Judging by the accuracy of bounces, the basic line of Bollinger can serve like a stop.To summarize, despite strong rise, I would not hurry to close the position.
A trade above 15.50 would confirm the bullish bias. Targetin 17.74 on the 1/1 bull Gann (1st of July 2014)
The end of a trend should be similar to its beginning.
I entered this short position (PUTS) on Friday. RSI is getting a little oversold, but it should have plenty of room to go down in the channel.