MaryJane
Long

Weatherford H&S! Good for 15%?

NYSE:WFT   WEATHERFORD INTL PLC
97 0 34

In the longterm view we see a bullish wedge .
snapshot

These days the stock tested the bottom of this wedge . From then on, a big up-move appeared - the stock jumped from 4,75 - 5,89 - made 23% within 4 trading sessions. A consolidation followed which let the Price drop to 5.30. Yesterday the stock jumped from this Niveau under volumpressure. The right shoulder was formed. (or a classical 1-2-3 Long-pattern --> for further Information please have a look at
Introduction into 1-2-3 Trading Pattern


Now i see the H&S Chance which is good for round about 1$ or 15%.
-Stoppbuy could be the neckline (or "2") @ 6$.
-SL could be near below the last LOW (ricght shoulder or "3") @ 5.3
-TP could be the projection of the H&S @ ~ 6.88 (this Level is also corresponding to the 61,8% fibo-retracement or the open Gaps bottom which acts as a resistance.

If youl like my Analysis please feel free to like it :-)

Good luck


Comment: H&S is triggered, the stock nearly touched the gaps bottom.Now i exspect a Retest of the neckline
Comment: TP reached -faster than a speedy bullet! Cheers
Trade closed: target reached
Comment: Again a longchance ? Trying to catch the retest of the former breakoutlevel at 6,05
Comment: soon a hard landing?
snapshot

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out