Wabtec has broken out of the 5 month range and is hovering near the top end of the breakout zone. The question is whether we will see a continuation of the upward trend or a reversal back into range. Given the strength in the overall market it would be safer to bet on the continuation of the breakout. As long as price holds above the 70 area the uptrend is still...
Hey People, WABTEC CORP is in a low volume bullish continuationof purchase, but since we have several purchase volumes then we can go down.Strong likelihood of going uphill on the last previous one higher or maybe even entering the gap, if there is a push buyer and look for the next highest of it.
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if we get a down day in the market on Wed 8/14 we could have retracement to low like projection 1, 5 percent% rip possibility with ITM put, or short play.
option 2. we find some sort of reversal in between.
option 3. mixture of both.
yes I know the fib is done upside down. This is a test.
One of my indicators uncovered a little treasure today.
Hershey's CoCo Volume isolates your symbol volume from another symbol. Here a US equity is compared to the US SPY index.
Look at the three gray bars pointed out with arrows. They show an identical volume percent difference on three occasions. I propose this is SMART MONEY catching this price run!
1-breakout of local and monthly short trends
2-double bottom formation
3-ongoing test of 70.00 price level (we hope for the bulls' test)
Now there is a beginning of local consolidation.
We advise waiting and after that buy the breakout of top consolidation's line
or 73.11 breakout of double bottoms' neck.
Stop loss under consolidation's low.