Same chart but on 4 hour, look at how lows have been riding the 30 EMA, short bear cycle with good bull follow through in first 4 hours of trading today. Looking upward
Westport Innovations, WPRT, a leader in the development and implementation of natural gas vehicles has been experiencing accumulation over the past few months. How can we find accumulation? I look for it when stocks absorb bad news and hold ground under pressure. Another way to look for it is to view selling pressure and see how it changes over time and how it...
Ok, 30% correction is ready. What now? I can see a two scenar of action. First and I think more possible ;) it is a long trade with target $34. It if only $26 will not broke. Second scenar, it is a down move with target $20. It will be extension of previos down move.
