WCN - Short SetupHead and Shoulders extra setup to add! Looking for entry below 126.23, Target 1: 118.56, Target 2: Momentum, Stop signal 130.23, Earnings estimated for February 16th. Insiders selling in November 2021. Could consider June $130 Puts.
WCN
$WCN.AX setting up to move higher -Next week watchlist #ASX $WCN$WCN.AX setting up to move higher -Next week watchlist #ASX $WCN
White Cliff Minerals Limited (WCN) is a mining exploration company, exploring and developing nickel-copper and gold projects in Australia and Centre Asia.
WCN Put SpreadWCN seems to be trending lower and lower,
Target is $85.
$133 max loss and $3.67 max gain.
Spread is 5 points 90/85 EXP October 18th
My only problem with this trade is the duration of it even though its 45 days I believe the move may take less time to happen.
Profit target is $183.5 max loss is $80
Possible loss if bullish is if the bottom holds and support stays intact while moving up toward $95.
Bearish idea is that this support will break due to sentiments in core market and it will trend down to $85 which isn't that far of a target.
