Breakpoint
Short

Short WFT Contingent Confirmation

NYSE:WFT   WEATHERFORD INTERNATIONAL PLC (IRELAND)
39 1 0
$WFT is forming a rising wedge continuation pattern at a 45 degree incline. This is not aggressive however accumulation appears thin against relative strength . If price breaks below $10.50 look for volume confirmation to sell short. $9.75 downside target. We geometrically estimate that traders should set a maximum $11.25 stop to avoid unexpected strength.

Good luck to all.
Target surpassed. We recommend investors cover their shorts.
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