15/03/2023
1st PT - 3% and RUN - 28.80
OPT - 29.90 - 30.70
ENTRY - 27.96
SL 27.17
Nice potential GAP fill which would be the best case scenario.
When price will be close to 3% move SL to breakeven.
When price moves over 3% move SL to 3% mark.
3% and RUN.
CCI on -95
RSI on 37
SMI on -38 signal crossed
Idea:
Buy: Current price
SL < 30.34
Fundamentals:
- Pro: Low debt to eq.
- Con: Nothing special in general
Technicals:
- Pro: Clean buying plan
- Con: Long fall if ideal will be failed. Have to sell
Westrock may stay in the trend, which is very steep or make a breakout downards to 33% Fibonacci.
I will wait, if we see a drawdown that far, which may be a good entry for a first position.
I'm still bullish on Westrock, wood and packaging, but it is a little bit overbought market right now.
In the shadow of Amazon and other e-commerce companies "Cardbox" makers are an interesting investement.
Additional prices for wood are rising, which should give higher prices in production and higher margins (profit!!) for the cardbox-makers.
So there are a lot of good reasons to having a look in WRK and others to invest.
Currently I am waiting for a correction...
If you see a pattern like this and you are not sure if it still has upside in the short term, I find it helps to look at the respective sector for the stock, in this case the consumer cyclical or XLY.
- Huge surge in online shopping, supported by steady essential end markets such as food, beverages, and health care.
- The company's Injectapak pharmaceutical packaging that houses a series of syringes or vials places it in a position to negotiate a possible deal with firms that develop a successful COVID-19 vaccine.
- Corrugated boxes in short supply for the...
Hello traders, WESTROCK CO is in a bullish push with a bull candle with a long shadow of buyers and high volume late in the session. It bounced off the VWAP for an implusion then, on the TIMEFRAME 1Min buyers reset on a bearish hammer candle. It leaves on its next lowest to restart its climb. Great possibility to go to the top of the balance zone after the...
an investor stock. the weekly chart shows a slight reversal. any where in the twenties great buy but mind yyou 50 shares or more for the ride up. it may take two earning periods but buy before august if you sale calls 100 to 200 shares will put you in the game. or not just my take .
...
