Skip to main content
2 posts / 0 new
Last post
themboys5
I am trying to understand if Wres is a buy or a sell.

I am trying to understand if Wres is a buy or a sell. On the daily it looks like a sell with mostly black but on the weekly trend resently went green. How should I read these? Thank you for your time.

Mike

 

This is the daily chart:

And weekly chart:

 

Nameless Hero
It depends on your investment strategy...
0

It depends on your investment strategy, short or longer term. We defined short term in terms of days (daily chart) and mid term in terms of weeks (week chart). By looking at the chart, it may correct soon but how deep, then it depends on the weekly chart. The weekly chart shows pretty low risk and the first green bar show up so far (make sure it still show by the end of the week to be a valid one). Also I have checked the fundamental of this stock looks promising. As a short term trader, I will take some profit off the table if any, but if I am a long term investor I would rather hold or sell a covered call and watch the turn of the major market because stocks are correlated to the main market in some what degree. I will post my answer later tonight on the forum for others to share.