Cup and handle has formed on the WU company since 7 March 2023.
During the time it's formed higher lows and has just broken above the Cup and Handle giving a conservative entry level.
Other indicators show upside to come.
7>21>200
RSI>50
Target R15.91
Short selling is a different style of trading
and doing it gives you a different mindset
--
As you watch online gurus most of them
will be short sellers
--
Because when you start trading your view
will be most likely of that of a short seller
--
This stock is up but when you pull back
to a weekly chart you will notice
--
That the overall market is in a...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 12/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
We have what could be a Bulliish Gartley entry at the Right Shoulder of an Inverse Head and Shoulders pattern that lines up with an all time 61.8% Retrace if we bounce from here i'll be targeting the square up.
This can be a nice financial value play. March / Jan'23 calls on this. 20+ bucks price target. Pays dividend so can be nice for commons. Options aren't too bad on it. Nice set and forget in my opinion. Stock is trading cheaply at around 10 P/E.
Western Union shows an extreme divergence for bearish reversal, to continue its bigger trend. Here shown, Western Union move under the EMA 200. It could be a sign that Western Union in still on a bearish trend.
The Western Union Company provides money movement and payment services worldwide. It operates in two segments, Consumer-to-Consumer and Business Solutions. The company also offers bill payment services that facilitate payments from consumers to businesses.
Revenue TTM 5B
Net Income TTM 800M
EBITDA TTM 1.2B
EBITDA margin TTM 25%
Debt/EBITDA TTM 2.28x
P/E 9.01
P/S 1.41
The price is moving very well inside an ascending channel. Now we can see a retest of the previous support zone again giving us in this way a buying opportunity again.
Buy zone: $24 - $24.20
Targets:
$25.76
$26.41
Thank you and Good Luck!
WU usually is a slow mover but it's good for lomg term investors because of the divident income.
Next Dividend Date was 16 Mar 2021 (Tue) and the Pay date is 31 Mar 2021 (Wed).
Targets:
$25.96
$26.41
Thank you and Good Luck
