candlestickninja

Long Term WFT Weatherford Weekly Technical Divergence

Long
NYSE:WFT   None
Looking at the MACD oscillator you can see since 2015 it has been making higher highs just below the signal line. If you keep the Ichimoku Cloud active and drop down to the Daily timeframe you will see that recently the green line has slightly crossed above price as the upper region is crossing below price. Zooming in on the Daily and intraday you will see a bullish cup and handle pattern that's poised to breakout to the upside

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