$WST long
I've entered a long position in this charts. The reasons for this are the following:
What could go wrong is that we see another downward move and re-test of the 38.2 % Fibonacci level. Otherwise I see the short-term upward move as more likely.
- After the low of the 25th July this stock makes contineously higher lows
- A few days ago we had a bullish crossover of the SMA 30 and 50
- I see the macro situation for US stocks in the following weeks rather bullish (the bullish Q4 is about to begin and the FED has lowered the interest rates)
What could go wrong is that we see another downward move and re-test of the 38.2 % Fibonacci level. Otherwise I see the short-term upward move as more likely.
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