We have a nice signal here in 
WST, a trend signal lasting until the 2nd week of October at least, as long as prices hold over the $270 mark. A clear beneficiary of the pandemic, WST has been growing steadily for a long time, and although overvalued, I think we can squeeze some more upside from the stock before a major top forms.
It will be interesting to see how it acts going into the next quarterly report.
I'm using a proprietary strategy to benefit from these trend signals, you can trade this setup with long stock positions or using options. I'm favoring options for the most part lately, due to the elevated downside risks we have for the time being. I'm skeptical but open to the possibility of a rally peaking by October or EOY, before witneseeing the next large scale correction across most asset classes like we had in February.
Cheers,
Ivan Labrie.
WST, a trend signal lasting until the 2nd week of October at least, as long as prices hold over the $270 mark. A clear beneficiary of the pandemic, WST has been growing steadily for a long time, and although overvalued, I think we can squeeze some more upside from the stock before a major top forms.It will be interesting to see how it acts going into the next quarterly report.
I'm using a proprietary strategy to benefit from these trend signals, you can trade this setup with long stock positions or using options. I'm favoring options for the most part lately, due to the elevated downside risks we have for the time being. I'm skeptical but open to the possibility of a rally peaking by October or EOY, before witneseeing the next large scale correction across most asset classes like we had in February.
Cheers,
Ivan Labrie.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.