WHC is yet again at it's all the time low, it's right outside of it's 2 standard deviation. Yes it's on a down ward trend on the daily and weekly, but we could see a C wave move from the Elliot theory to the upside this morning. Also, the ASX cloud be opening higher this morning, so we could see bullish movement for the energy sector. looking to buy above $3.84 to $4.
Due to the Energy sector of the ASX getting smashed, that could be from the oil rig count from WTI, could be from the DXY showing some strength and the oversees market showing indecision. However, how much can it go lower, this is why i'm looking at WHC. The reason i'm looking into WHC is because it's hit new month low, 52 week low and formed a bullish hammer on...
If you cant see the chart double click the price column. Heres my trade set-up for $WHC today; long off the .618 fib level. Strong company $4.43Bil mcap, energy sector. Not financial advice.
good volume BO. see how it holds