(This post was last modified: 2020-07-16, 04:24 PM by marry123.)
RE: Stage Analysis Beginners Questions- WFT.TO
Hi,
Do you mind some quick thoughts on WFT.TO in terms of proper entry? There are red flags right now: below average volume for weeks as the stock keeps running higher; it has not really formed much of a base from its bottom only 4 months back; the stock price vs spx line is still in a downtrend and the 30 ma is still not in an uptrend ; however in 2011 the stock fell more than 50% and also did not form much of a base before screaming much higher from bottom once it broke resistance). Resistance here is around $62.
Thank you for your input.