I've been wanting to hop into this but after looking through different times, I think a better time to buy might be coming. Bear pennant recognized on the 1 hr.
An Ascending Triangle is in forming stage on WPC Once finished this Ascending Triangle will break out to the upside and find support on the upper line of the triangle. This is shown with the bars pattern showing how I think price action will play out.
The PEAD projected a Bullish outlook for $WPC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 90%.
WPC has been consolidating for a while now, we entered a long call position and are currently up 83%! Now that WPC has cleared and held $72 we could see a large push higher. Looks like the accumulation phase is coming to and end, we have a Golden Cross along with good buying volume coming in, bulls are taking control here!
This stock seems to have periods where growth slows, however, it does not decline and has gone up the past two times. Being bullish and think it can rise up again
