WMK is showing a bullish pennant on the daily chart with a possible target price of 79.10$. The weekly chart's ascending triangle shows some additional potential gains with a price target of 86.05$. The weekly chart of the sector to which WMK belongs (Consumer Staples) is currently into a confirmed ascending Triangle with a possible total price action increase...
$WMK will try to break $49.84. To confirm the double bottom needs to hold above it. 12 months Consensus Price Target: NA if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Major downtrend broken Golden cross on moving averages Volume spike
Just updating my picks for august here...
I am updating my small cap stocks for august, first WEIS WE ARE GREEN + DIVIDEND
WMK bounced perfectly off its long term up trend at $43.67. This line has been tested successfully 4 times in a year and I expect it to hold again. Weiss Markets (WMK) was beat up undeservedly on Amazon grocery news. Price target $50 also WMK could be a merger or take over candidate for Amazon or others.
LOVE THIS SHITTTTTTTT!!!! Short everything I buy because I'm an idiot
Big risk to reward scenario with strong trend line support from the bulls LR channels 200 period downward 100 and 50 indicate upwards trend Major trend Down Minor trend Up