WELL t.a. & set up 9.17.19WELL WELL WELL Showing signs of a a continuous uptrend pattern overall and currently trading above the 200sma on the daily chart. Price history shows SMA50 is known to act as a major support when there is a pull back during an uptrend. Potential long position available. Price gapped up today showing signs of strong momentum and intraday price has now broken above multiple key moving averages the EMA21 and EMA10. Might be a good idea to monitor until close to avoid getting stopped out because of intraday noise. Potential entry would be if price closes today above the ema21 and ema10 moving averages.
Target entry: 88.70 area
Target exit: 92 area @ +4%
Stop: 87.89 -1% (if price closes below ema21 & ema10)
Risk/Reward ratio optimal @ 4:1
