Here's how I know there will be an inevitable rotation of money by this chart I made.
The world has over-invested in technological advancements for a very long time. This was much needed to shape the world we live in today. The whole world was built on stable sources of reliable energy such as fossil fuels and oil to allow these technological advancements to...
ASX:WPL
Current events with Russia has pushed oil prices up.
I took the trade around the start of Feb after seeing a sustained breakout from the upper resistance of the triangle. Projected profit target based on the width at the opening of the triangle just happened to line up with the previous ATH resistance level.
Took it at the time as energy stocks were...
Entry: 19.20
Stop loss: 19.59
Shorted the counter after it broke out of its previous low with above average volume.
Supported by SMAs trending orderly.
Oil prices looking for new 52 week highs, and WPL still trying to break downtrend. Has been sitting in support zone for a month, so can move quickly if it breaks downtrend. Entry here with stop at the 200 day MA is a low risk high reward play for the next few months.
WPL 2W chart and daily chart showing bearish
sentiment. long term trend for WPL is still bearish.
Saudis keep pumping cheap oil.
Iranians trading with China despite sanctions.
As I have been watching energy sector over the last couple months, I can conclude that the underperformed sector will make a good recovery into 2021.
My top pick in ASX20 is Woodside Petroleum. Recently closing its gap up, WPL will make its bullish continuation for upcoming weeks and months.
My immediate price target is at $29 level with a potential upside...
This stock had been hit real hard during the COVID -19 pandemic because of plummeting Oil Prices. Now that we have observed Higher Oil Prices, and particularly WPL has been going up now, I believe the trend will advance further up and we may see much higher prices in the days to come.
We can see a Golden Cross, MACD has crossed and High Volume, which shows the...
With oil prices not slowing down, $wpl and $osh have been on my watchlist for TA break outs. $wpl is looking set to follow through with the breakout considering stoch RSI is turning aswell, with an initial target of $30. Stop loss for this one would be the resistance line, which should be the new support.
Analysis of each of the top sector of the A200
WPL
Looks to be waning on the weekly, monthly looks to be primed to pump, anticipating a retrace and test of support seeking entry at $21.39 for the slow climb upwards
WPL price chart looking very technical.
2W chart shows price @ lower bound of the price
channel.
Take a punt and buy the support level.
oil prices should rise due to the flood of new money
being created.
This is a second entry after scratching the first turtle soup entry a few days ago....
This time it went lower to a new >21 day low yesterday, then opened above that old low of 21.07
As rallied from morning, I noticed it showed another signal on /momentum pinball because I missed that low entry due to gapping up, so I entered on the break > high first 1 hour...
This looks a little over-sold today : Sure, energy sector smashed today -5% and worst performing sector on asx,
however, Its very over-stretched on the down side today.
So this leading energy stock is good to BUY as a day trade only. Not holding over weekend.
Only buying small ( about 1/3rd normal size) with a tight stop under low of day.
Strategies ticked ( all...
ASX
![WPL: WPL [1h] keeps testing EMA 200](https://s3.tradingview.com/a/AUYPo5Zs_mid.png "WPL [1h] keeps testing EMA 200")
