The PEAD projected a Bearish outlook for $WLK after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
The PEAD projected a Bullish outlook for $WLK after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
The PEAD projected a Bullish outlook for $WLK after a POsitive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 62.5%.
Notes/Thoughts:
* Strong earnings in the recent quarters
* Strong up trend in the longer time frames
* Broke out of its base and started to move higher but due to recent market conditions it pulled back and is now showing signs of continuation
* Close to the pullback recovery area of $127.11
* Recently tested historical all-time-highs of $114.47 as support
...
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $118.33
Target Price: $121.01
Stop Loss: $113.86
Journal Entry
Bias: Positive.
Sentiment: Optimistic.
Emoji (emotion): Working 👨💼.
Null Hypothesis: Buy.
Alternative Hypothesis: Sell.
Signals: %B buying patterns, MA buying patterns.
Position: Short term day trade.
Notes: I'm anticipating an earning surprise tomorrow morning before the market opens.
Other:
Disclaimer: My journal entry is not a complete...
Hey people, WESTLAKE CHEMICAL CORPORATION is in a fake bullish movement with an upside down hammer candle and a strong comeback in buy volume issued. On the TIMEFRAME M1 we can see a shape of a large hammer candle upside down with a low return of purchase volume made it just failed. On its first high below the VWAP to fill the bearish breakout gap with the return...
Think double bottom at 93.56 for reversal to break the doescending wedge triangle.
Entry After confirmation of double bottom of 93.56 enter at 94
Targets:
T1:105.2
T2:113.5
T3:115.5
SUUUPAAAAA hella fine ass chart. Trying not to get too ahead of myself but - I am for sure lol. Been working on a linear regression scan since, in this market, it's too sketch finding a dip to buy that won't backfire off IV% hikes. Come to (almost) find out how the linear regression curve off some largest % decliners (8 day period) affects the timing of disparity...
Risking a little under 4% to take on this trade.
Targeting 8% gain using a measured move calculation from the previous consolidation we just had.
Strong fundamentals such as double digit revenue growth YoY, decent valuation, respectable PEG ratio, respectable margins, solid cash flows.
If the market stables then this should higher. First Target should be taken where the target area starts & then stop loss should be at break even. Second target should be the upper side of the box. Soon will be adding stocks ideas to our trends2trade service.
WLK was one of two triggers this morning (the other was OZRK). The Fast Ball XRV setup was on the buy-side of the market. It trigered right after the bell, and quickly booked a $1 per share profit.
NYSE:WLK
Westlake Chemical (WLK) reported Q3 EPS $1.61 vs consensus $1.46. The stock took off and looks to have a tailwind pushing it into the Wednesday session. We will look for an entry above the Tuesday high, with a target at a measured move extension.
WLK
