Here's how I know there will be an inevitable rotation of money by this chart I made. The world has over-invested in technological advancements for a very long time. This was much needed to shape the world we live in today. The whole world was built on stable sources of reliable energy such as fossil fuels and oil to allow these technological advancements to...
ENTRY: 21.99 SL: 22.90 TP1: 20.94 TP2: 19.80 - ADX>20 - RSI<50,RSI>30 - Daily RS -ve - Daily FFI -ve - Daily MACD -ve - Weekly RS -ve - Weekly FFI -ve - Weekly MACD -ve - Breakout with good volume on 21 May 2021 and retraced with low volume
As I have been watching energy sector over the last couple months, I can conclude that the underperformed sector will make a good recovery into 2021. My top pick in ASX20 is Woodside Petroleum. Recently closing its gap up, WPL will make its bullish continuation for upcoming weeks and months. My immediate price target is at $29 level with a potential upside...
This stock had been hit real hard during the COVID -19 pandemic because of plummeting Oil Prices. Now that we have observed Higher Oil Prices, and particularly WPL has been going up now, I believe the trend will advance further up and we may see much higher prices in the days to come. We can see a Golden Cross, MACD has crossed and High Volume, which shows the...
WPL - Important price points to watch in the one hour chart: major support at 18.80 support at 16.95 support at 15.55 major support at 13.90 major resistance at 22.00
- Bull Flag - hit the 200 EMA - Bullish candle formation - Waiting on candle to complete, then enter. Looks like it will be tomorrows candle.
Looking to breakout from a long term wedge. Confirmation of trade via: 1) Weekly close above resistance or below support 2) Substantial increase in volume
WPL is very volatile so entries are key to this market. aggressive entry at the .618 and long term support entry at the 1.618. Overall I am short on WPL.
With OPEC looking likely to raise the official oil price as oil fracking in the U.S starts to slow & the Saudis cutting oil prices, a surge in the price of most oil & petroleum companies is almost guaranteed. But the question is "how soon?". Looking at the current price of WPL and past chart patterns show that the price surge could be very, very soon.