WKC presents a potential buy setup if the pullback confirms an opposing trend pattern (18-day MA crossing below 40-day MA).
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Um, okay, WKC is in the energy area. Again, big base. This has been doing nothing for a while, and then all of a sudden we get strength to the upside that gets the ADX going with volume, MACD as well.
And then on the weekly chart, we have uh, a lot of strength in the momentum with good volume, and then we're pulling back. Now, I would be watching for this pullback, and what I teach to my subscribers is this corrective pattern.
I call this an opposing trend pattern. If the 18 crosses down below the 40, now we're going opposite this correction. So, in other words, this is trend would be turning down while this one is still strong to the upside.
This gives us an opportunity to be a buyer. This is right out of my book. I go through this in detail in the courses, uh, but big break and pullback, and, um, so certainly something to keep an eye on.
okay, WKC is in the energy area. Again, big base. This has been doing nothing for a while, and then all of a sudden we get strength to the upside that gets the ADX going with volume, MACD as well.
And then on the weekly chart, we have uh, a lot of strength in the momentum with good volume, and then we're pulling back. Now, I would be watching for this pullback, and what I teach to my subscribers is this corrective pattern.
I call this an opposing trend pattern. If the 18 crosses down below the 40, now we're going opposite this correction. So, in other words, this is trend would be turning down while this one is still strong to the upside.
This gives us an opportunity to be a buyer. This is right out of my book. I go through this in detail in the courses, uh, but big break and pullback, and, um, so certainly something to keep an eye on.
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