AsimMirzaTrader

WEB - Giving a Buying Opportunity

Long
ASX:WEB   WEBJET LIMITED
Bullish trend confirmation indications:

1. Made a Higher High
2. Made a Golden Cross
3. Impulsive price action with High Volume
4. After the impulsive break, price is correcting and consolidating.
5. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of
50-61.8 % and the Gap Window Zone. The ideal level zone is between $4.30 - $4.70. That will be a trade with confluence.
6. Good Buying Opportunity if it closes positive or prints Bullish candlestick patterns in the Buy Zone area
with bullish price action follow through with a potential gain of 120%.

Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
Comment:
Comment: Price is consolidating and MACD Histogram showing continuation of Bearish Momentum. I still expect price to come down further into the Buy Zone between $4.30 - @4.70 range, and show Bullish Price Action, where I will be a confident buyer.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.