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WDFC

WDFC WD-40 Company Options Ahead of EarningsIf you haven`t sold WDFC prior to previous earnings: Then analyzing the options chain and the chart patterns of WDFC WD-40 Company prior to the earnings report this week, I would consider purchasing the 230usd strike price the money Puts with an expiration date of 2024-1-19, for a premium of approximately $7.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:WDFCShort
by TopgOptions
Is the WDFC earnings pop sustainable?WDFC, the manufacturer of WD-40 ( sprayable graphite) had a great earnings beat and a celebratory pop of 5%. My question is whether it can continue? On the 15 minute chart I have added four indicators and what they might indicate: (1) the Lorentzian Machine Learning Alert System with default settings with a few removed which shows the initial buy signal of July 6th. No sell signal has been printed since earnings. (2) the MTF RSI indicator of Chris Moody showing the RSIs one hour in black and 15-minutes in blue presently topped out and the lower TF in blue decreasing showing a bearish divergence. (3) The MACD shows K / D lines rising in parallel but very extended above the zero-line showing very high amplitude. (4) The volume indicator showing that volume did not get a relative spike with the post-earnings price pop. Overall, with heavy consideration of lack of volume with the price pop and the bearish divergence on the RSI, I will not take a long trade on this post-earnings WDFC. In fact, if I can find a good entry on a 3 or 5-minute chart, I will take a short trade. I price rise with a good volume spike might potentially convince me otherwise.
NASDAQ:WDFC
by AwesomeAvani
Nasdaq Benchmark Drug Retailers IndexNasdaq Benchmark Drug Retailers Index (NQUSB5333) broke out of an ascending channel in early November. Since then, it bounced off the prior resistance line of the channel surpassing the 100% level of the Fibonacci Extension tool. It has been pulling back off the recent highs & I have noted two possible Extension retracement levels with the dotted red line. I am still waiting to see where this pullback ends but this industry seems like a good place to continue looking for trade ideas. Within this industry, I like the charts for WD-40 (WDFC) & Energizer (ENR). WDFC had an earnings gap up in early July & continued to ride an ascending channel since then. Even a gap down on the market open following an earnings announcement & dividend payment in mid-October saw the stock regain everything lost on the open, bringing the stock back within the channel by the close of the market that day. November 25th saw the stock breakout of this ascending channel & has maintained that level over the last few trading days. I have a potential price target of $197.50 at the moment. ENR broke out of a symmetrical triangle intermediate pattern which then saw the price find support along a previous resistance level. I would wait for longer consolidation, or another pullback before entering this particular stock.
NLong
by Chartimistic