Betting on gains - WMH long
Updated
Nice break from a congestion area from 98 to 122. MACD confirmation, with some good volume as confirmation should push WMH higher. Trade opened at 122.90 and looking for first target for the recent high of 162, then up to 170 and 195. Recent earnings announcement looking to the upside of expanding in the US and tapping the market for an additional £224m help to point to some upside from WMH. Stop in at 109, as price action in this area could see further downside.
Trade active
Trade is still active with initial target met. Looking for a target of 199, but we could see some consolidation between 170-199 and take some profit if it starts to range.
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