Bullish potential detected for WPREntry conditions:
(i) higher share price for ASX:WPR along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) a close below the 200 day moving average (currently $2.49), or
(ii) a close below the 50 day moving average (currently $2.42), or
(ii) below the support level from the open of 2nd January (i.e.: below $2.34), depending on risk tolerance.
Waypoint
Bearish potential detected for WPREntry conditions:
(i) lower share price for ASX:WPR along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $2.34.
Stop loss for the trade would be:
(i) above the resistance level from the open of 12th December (i.e.: above $2.42), or
(ii) above the resistance level from the open of 27th December (i.e.: above $2.47), depending on risk tolerance.