WCT Looking to find place to long at around 0.92-0.94.
This counter have not close its post election gap at ard 1.15, need substantial volume and buying power to do so. Volume have been improving since May
WCT trade ideas
WCT in Wave 4Putting this stock under watch list.
Positive divergence appearing on Daily. Beautiful !
Wave 5 should see WCT water fall towards 0.50-0.60
I'm going in with 30% capital for CORE positioning on this stock once the positive divergence growing bigger during wave 5
Trend Reversal Seen in WCT1) WCT price action has completed 8 Elliott Wave (EW) pattern in downtrend
2)In completing the corrective wave "C",
a) the price action had stood above the Kumo cloud and
b) broke out above the upper band of Donchian channel.
These indications tell us there is a high chance of bearish trend reversal.
3) The point of C is higher than A which indicated a higher high. We shall wait upon retracement to complete to see a higher low formed to confirm trend reversal.
