Here is an easy ta for WDI short.
Well, dont try to pinn me down when Im wrong but from a technical position Wirecard needs to be shorted. I say this, cause the IV is near by 94 % and as it is this stock acts like a bitch.
I want to justify you, why I think WDI is in down-trend:
The most importants support around 80 was broken and market closed below this support, so now it changed into a resistance.
Take a look at candlestick signals. On March 23th you can see false shooting star followed by a breakout to 138 driven by generell up-trend. On May 14th same signal but this time market selled off.
200 weeks average was broken on April 27th.
All these signals suggest a down-trend with next support around 70 line support.
I will watch on monday how buyers and sellers (inclusive shortsellers) will act.
Any comments are welcome
Good luck for your trading :)
PS: Dont forget, IV high :)
Well, dont try to pinn me down when Im wrong but from a technical position Wirecard needs to be shorted. I say this, cause the IV is near by 94 % and as it is this stock acts like a bitch.
I want to justify you, why I think WDI is in down-trend:
The most importants support around 80 was broken and market closed below this support, so now it changed into a resistance.
Take a look at candlestick signals. On March 23th you can see false shooting star followed by a breakout to 138 driven by generell up-trend. On May 14th same signal but this time market selled off.
200 weeks average was broken on April 27th.
All these signals suggest a down-trend with next support around 70 line support.
I will watch on monday how buyers and sellers (inclusive shortsellers) will act.
Any comments are welcome
Good luck for your trading :)
PS: Dont forget, IV high :)
Trade closed: target reached