This is a f/u from the July post. (see link). Shares started going up again after last post and recently have corrected some. Big up day today suggests possible change in correction, either sideways such as triangle or possibly big up move straight ahead.
I redid my count since previous post based on price action. Drop today to the .62 level on the news. Now have positive reversal in the daily RSI . I remain long term bullish .
VANCOUVER, B.C., July 14, 2017 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems”) ( WPRT -20.36% ) ( WPRT -20.36% ) today announced the pricing of its offering of...
This companay has gone thru a long decline from 50 to <1. In the past few months it has gone up about 300%. Personally it looks to me like it is making a 5 wave up pattern and I favor there may be one more quick pop up perhaps to the price of 3. Would go along with what I favor will happen in the IWM. But the WRPT RSI favors a retraction soon due to some profit...
Chart pattern only: WPRT is above key resistance areas and if a dip happens then an ideal entry will be setup.
$23 target longer term.
$15.75 stop loss.
Tim 18.38 last, buy on dips to $17.50 or less. 7/1/2014 12:32PM EST