WTI close to the 200d Moving Average
WTI have been historically hitting 200d MA and bouncing back , strong support @ 200 MA. Bought @ 6.68 Target 7.95 , 2nd Target 8.90
Order cancelled
Bad media news and lower volumes has brought this stock to consolidation in the 6-6.5 area, once sign of uptick show up and price goes beyond 6.5 its worth watching. Fundamentally WTI is a losing business , Negative free cash flows for 7 out of 10 years , Free cash flow became positive after 6 years being in the negative territory.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.