WST
$WST: Weekly trend signal activeWe have a nice signal here in $WST, a trend signal lasting until the 2nd week of October at least, as long as prices hold over the $270 mark. A clear beneficiary of the pandemic, $WST has been growing steadily for a long time, and although overvalued, I think we can squeeze some more upside from the stock before a major top forms.
It will be interesting to see how it acts going into the next quarterly report.
I'm using a proprietary strategy to benefit from these trend signals, you can trade this setup with long stock positions or using options. I'm favoring options for the most part lately, due to the elevated downside risks we have for the time being. I'm skeptical but open to the possibility of a rally peaking by October or EOY, before witneseeing the next large scale correction across most asset classes like we had in February.
Cheers,
Ivan Labrie.
WST - Inverse fallen angel formation short from $92.87 to $88.68WST Seems very interesting short setup. It is rolling over like inverse fallen angel formation. We think it has good down side potential.
* Trade Criteria *
Date First Found- July 5, 2017
Pattern/Why- Inverse fallen angel formation
Entry Target Criteria- Break of $92.87
Exit Target Criteria- 1st Target $88.68
Stop Loss Criteria- $95.42
Please check back for Trade updates. (Note: Trade update is little delayed here.)
WST - Head & shoulder formation short from $78 to $8.84WST seems forming a downward neckline Head & shoulder formation, and it appears to break below the neckline.
On the long term chart it seems forming a larger scale H&S formation. Moreover it has 1.2million (approximately) worth recent insider selling.
We think it will be an interesting short play at the break of $78
WST: Outrageous valuation, Time at mode signals a top is in placWe can short $WST without much difficulty here. Short at the open and risk either a new daily high, or use no stop and size the trade based on 0.5-1% exposure, considering a $4.83 risk per share.
Target on chart, but, keep in mind this can evolve into a longer term downtrend here as well due to the valuation the company has up here. It's practically a bubble, once it pops it'll get ugly, and fast.
Good luck,
Ivan Labrie.
WST: Overvalued, short if opening below 79.06WST offers a low risk short trade, specially if we open below 79.06 tomorrow. Risk a move back above 81 or higher.
You can enter a half position first, so keep risk to 0.5% or less. Max risk shouldn't exceed 1%.
Props to Tim West for all his help and insights.
Good luck!
Ivan Labrie.