WMIH will be a possible swing for next week. The average daily volume is over 3 million. WMIH on Friday closed at 1.57 which is above the 200/50/20/10 day moving averages which shows a possible UPTREND.
Although ADX is just over 19 which may indicate a flat trend overall there has been a volume increase in the last two weeks as well as a positive price action. Due to the overbought climate I am expecting a pull back. DMI + is over 28 which shows an uptrend with a DMI- over 12 showing a weak down trend.
Pivot price points expected for next week are
PIVOT - 1.53 a swing ABOVE 1.53 is expected to give the possible price points
R1-1.58
R2-1.61
R3-1.66
R4-1.75
PIVOT - 1.53 a swing BELOW 1.53 is expected to give the possible price points
S1-1.48
S2-1.45
S3-1.4
S4-1.36
I will look to enter this stock at 1.47 with a stop loss at 1.35 for a price target of 1.75+
Although ADX is just over 19 which may indicate a flat trend overall there has been a volume increase in the last two weeks as well as a positive price action. Due to the overbought climate I am expecting a pull back. DMI + is over 28 which shows an uptrend with a DMI- over 12 showing a weak down trend.
Pivot price points expected for next week are
PIVOT - 1.53 a swing ABOVE 1.53 is expected to give the possible price points
R1-1.58
R2-1.61
R3-1.66
R4-1.75
PIVOT - 1.53 a swing BELOW 1.53 is expected to give the possible price points
S1-1.48
S2-1.45
S3-1.4
S4-1.36
I will look to enter this stock at 1.47 with a stop loss at 1.35 for a price target of 1.75+