steveoliveira
Long

WATCH THE BULLISH BAT WEIGHT

BATS:WTW   WEIGHT WATCHERS INTL INC NEW
134 4 3
We have the ratios for a bullish bat pattern. The potential reversal zone is identified so let's wait for the reaction.
The past 2 days formed a downward gap with high volume and the price is currently below 21.
I would wait a bit whether the gap will show if it is an exhausting gap or the continuation of the downtrend.
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steveoliveira motleifaul
Yes, i agree
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motleifaul steveoliveira
The downtrend seems to continue. So it was good not to enter into a position.
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steveoliveira motleifaul
We would need always a reversal in the daily trend to enter. I think this pattern has blown on this one.
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