Hey, since I've been following the HCPG stuff now, I'm wondering how you'd play that WLT... since they're so focused on clean numbers and I don't see one on WLT.
So, are you just going to look for a nice intraday base (as in HCPG) and buy off it should it approach the highs?
Yeah, there no clean number, but it should break in the area of $85.00. Yesterday afternoon, it started to form a base at $84.00, so either of the those spots is worth watching.
Also, it may pullback to the bottom of the recent trading and carve out a reversal. However, if it's going to BO of the flag, I'd like to see it stay in the upper half of its trading range. That would be a good clue, because these flags can take a while to get going.
7 comments:
Jamie,
Hey, since I've been following the HCPG stuff now, I'm wondering how you'd play that WLT... since they're so focused on clean numbers and I don't see one on WLT.
So, are you just going to look for a nice intraday base (as in HCPG) and buy off it should it approach the highs?
Thanks,
-DT
Hey DT,
Yeah, there no clean number, but it should break in the area of $85.00. Yesterday afternoon, it started to form a base at $84.00, so either of the those spots is worth watching.
Also, it may pullback to the bottom of the recent trading and carve out a reversal. However, if it's going to BO of the flag, I'd like to see it stay in the upper half of its trading range. That would be a good clue, because these flags can take a while to get going.
Thanks, Jamie.
I'll watch it today. Should I trade it and lose money in it, I'll be sure to deride this blog in my evening post.
-DT
LOL,
Me too.
AAARGH!
I stepped out for lunch and missed the breakout!
Hope you're in there... I'm sure you are, it did exactly what you hoped.
-DT
Sorry to hear that DT. WLT broke out midday as did YGE. Hope you got back in time for that one.
Yes, but I messed it up quite a bit...
Nice trades today.
-DT
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