WPX
WPX Pullback Re-entrySame idea as previous WPX Pullback trade; check it out.
Thesis still holds and so I'm looking for a pullback down into the 13.70 resistance level.
Considered a wider stop to make up for possible volatility before move happens
Stop at 15.67
Target at 13.20
WPX Pullback? - Another Pullback ShortPrice is ascending in uptrending wedge, with recent break of 13.70 resistance level.
Resistance break has become weak for possible pullback.
It could indeed be a strong pullback or just a small correction, but either way I am short biased here.
Stop at 15.47
Target at 14.26
WPX: watching for break-up.I was bullish a year ago when it broke above the support-resistance line but it then corrected. Now has formed a cup with handle formation. Will buy again on break up move above line with target of 21 - 27. Stop will be a drop out of up channel. Take care. Have a great week and Happy new year. Feedback appreciated.
WPX Energy TradeI entered a position on WPX ENERG this is 1 of 2 energy trades I am currently in.
This is not investment advice. It is me sharing my ideas and trades for educational purposes.
Follow me for more trades and feel free to comment if you have any input thank!
