Long
WBAI – bullish – Bases under the 22.37 2-month high
WBAI 20.52 – bullish – Bases under the 22.37 2-month high
WBAI rallied strongly from the 10.88 weekly low (August 24, 2015), following the falling wedge breakout, to reach a new 2-month high at 22.37 (October 12, 2015) before basing. The indicators on the daily timeframe are neutral, hinting for further basing. The 19.03/18.71 area (October 12/19, 2015 weekly lows) above the 50 week moving average provides immediate support. A push through 22.37 would accelerate the upleg towards 23.89 (July 27, 2015 weekly high, near 61.8% of the 30.67/10.88 fall) ahead of 26.00 (76.4% of the 30.67/10.88 fall).
Outlook:
Daily: bullish
Weekly: neutral
WBAI rallied strongly from the 10.88 weekly low (August 24, 2015), following the falling wedge breakout, to reach a new 2-month high at 22.37 (October 12, 2015) before basing. The indicators on the daily timeframe are neutral, hinting for further basing. The 19.03/18.71 area (October 12/19, 2015 weekly lows) above the 50 week moving average provides immediate support. A push through 22.37 would accelerate the upleg towards 23.89 (July 27, 2015 weekly high, near 61.8% of the 30.67/10.88 fall) ahead of 26.00 (76.4% of the 30.67/10.88 fall).
Outlook:
Daily: bullish
Weekly: neutral
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.