WY repelled by resistance 3X Matt

    Posted by ridgetopab on 1st of Dec 2020 at 12:34 pm

    WY repelled by resistance 3X

    Matt does failure to breakout become bearish after multiple attempts?

    Would you still go long in pattern with a tight stop ?  Thanks

    WY - Chart Link

    4th time will reverse

    Posted by law6 on 1st of Dec 2020 at 02:12 pm

    4th time will reverse

    WY chart  In your view probable

    Posted by ridgetopab on 1st of Dec 2020 at 02:29 pm

    WY chart 

    In your view probable reverse to break down as a short?

    depending on your channel view could be at 4 to 5 attempts to break over resistance now

    80% held by fund/institutional  2.32% div but high P/E at 43.7X for a value play  BV 10.97 FWIW

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!