Bullish potential detected for WDSEntry conditions:
(i) higher share price for ASX:WDS along with swing up of the DMI indicators and swing up of the RSI indicator, and
(ii) observation of market reaction at the support/resistance level at $24.87 (from the open of 14th February).
Stop loss for the trade would be, dependent of risk tolerance (once the trade is activated):
(i) below the support level from the open of 15th July (i.e.: below $23.95), or
(ii) below the recent swing low of 30th June (i.e.: below $23.24).
NOTE: Positive momentum move on 23rd July already in play (suggested not to chase this initial move and await a retracement back towards the support/resistance level of $24.87 and observe the market reaction - potentially overbought with resistance above current price area of $26.20 as at 25th July). If the move keeps going, let it go.
