xenxes
Long

$WFT gap up incoming

NYSE:WFT   None
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$USDWTI rebound likely to continue (shale profitable > $45), $WFT oversold conditions developing large gap similar to last year (followed by immediate upward correction); new CEO is a positive, potential upcoming divestments. Technicals and fundamentals seem to align for a pop on this within the next week or two, followed by possible uptrend into earnings and beyond, depending on guidance.
Trade active: Rather than a "gap up", more like smaller "steps up", based on price action of the bottom and today. This is a cyclical scalp play for me, likely in the month(s) range.
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