Notes on WGO (Positive and negative) WGO has been on IBD50 several times. Heavily owned by institutions. SWS has it undervalued at $42, future cash flow estimates $80/share. Looks to be forming a consolidation period, generally 7-8 weeks is good timeframe. RSI line is pretty low at this point. Winnebago Industries Board of Directors Approve Quarterly...
Looks like Winnebago had it's day in the sun. Could it possibly be in an ABC correction?
with a final Wave 5 Ending Diagonal. The 5th wave of the 5th ED is also a Ending Diagonal. This is a most unusual chart that helps to amplify the severe and destructive powers of Ending Diagonals.
This thing has been moving so aggressively such that there is so much overlapping. Couldn't find any way wave 4 would not overlap wave 1 except this multiple diagonals.
With their Earnings coming up and the last 30 days being a strong indicator - I think pushing in 25% on 12/19 with a hold to see what happens before pushing in anymore might be a smart strategy.
WGO is looking bullish on the weekly chart, as the MACD has crossed over on higher bullish volume, as of 5/30/217. WGO rejected the 200dma on 5/31/2017 and rebounded over 10% as of today. Although the stock is channeling in a bearish trend, the weekly bullish volume may invalidate the channel and finally break it at the .382 FibR on the weekly at $30,...
Looks to be consolidating after a Bearish RSI Divergence. RSI is below it's 8 day moving average. RSI still above 50 though Need to watch for a dip $WGO
High R value for a smooth long term trend. Stop using a Chandelier stop or volatility stop
Looking for a $40 price target over the next 12 months. Very bullish!
It is time to pick up the leftovers from the large decline in WGO after missing its earnings target. The stock plunges to a daily/weekly demand (support) that has earlier shown good demand. This kind of falls that is piercing the Bollinger bands and the RSI values in such an extension is normally due for a mean reversion setup. Recommend an entry at market after...