What interests me about WHL is the tight consolidation pattern just above the pivot (P). This consolidation takes place just above the 50-day EMA on which the price has found support. We've also had multiple days of the share regain the 21/50-EMA which signals strength as well as the willingness of bulls to support the name. We would like the see the share push through the downward trend line going back to 06 July to really make a go to the upside. The MACD remains above the zero bound while the RSI is just above the bull-bear threshold (50) with a neutral to bullish reading of 51.
Last: 3333c
Setup will be negated on a move below 3155c
Last: 3333c
Setup will be negated on a move below 3155c
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.