WPRT break outLooks ready to break out from a long downtrend and rip higher. There were a couple of fakeouts but this one looks real
WPRT
WPRT breaking out
Chart says it all. Should trade up into earnings. Once the Amazon engine deal starts paying dividends they'll have some real earnings. I assume this is the first of many orders. Hopefully will use 21-day EMA as support going forward. Natural gas engines are more environmentally friendly so it will help companies reach emission and ESG goals.
seekingalpha.com
WPRBTC ascending broadening wedgeBroadening wedges are patterns that follow two up-sloping trendlines that broaden out. Breakout is upward. Leads to short term bullish continuation.
WPRBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
Thanks for visiting.
WPRT: Big jump today.This is a f/u from the July post. (see link). Shares started going up again after last post and recently have corrected some. Big up day today suggests possible change in correction, either sideways such as triangle or possibly big up move straight ahead.
WPRT selling new shares.I redid my count since previous post based on price action. Drop today to the .62 level on the news. Now have positive reversal in the daily RSI . I remain long term bullish .
VANCOUVER, B.C., July 14, 2017 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems”) ( WPRT -20.36% ) ( WPRT -20.36% ) today announced the pricing of its offering of common shares in the United States (the “Offering”). Westport Fuel Systems will offer 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000. Westport has granted the underwriters of the Offering an option to purchase up to an additional 2,505,000 common shares at the Offering price during the period ending 30 days from the closing of the Offering. No common shares have been or will be sold or offered in Canada or to any resident of Canada pursuant to the Offering.
Update idea
WPRT - DESCENDING WEDGE BROKEN: EXPECTING MORE UPSIDEWPRT has broken a descending wedge on 4h chart with a big bullish divergence. I'm expecting more upside.
