WEIMOB INCLong
SEHK 2013 - Weimob Double Bottom
Updated
SEHK 2013 Weimob just formed a double bottom pattern. MACD just turned bullish and Money Flow is pointing upwards which indicates a suitable swing trade for the next few days.
Views are my own and should be meant for discussion and educational purposes only. Please make your own investment/trading decisions!
Views are my own and should be meant for discussion and educational purposes only. Please make your own investment/trading decisions!
Note
The MACD has recently just turned bullish with the MFI sloping upwards. Weimob looks like is has a lot of room on the upside. Will look to sell half my position when it hits $13.Note
Sold half my position at the resistance of $11.6 - $11.7, the trade subsequently broke down and liquidated the rest at a small profit @ $11!Note
2013 looks like it has formed a tradeable range, get in at your own risk!
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