WAT trade ideas
Waters Corp , Trending After a long time, The last top has been broken by a weekly good bullish candle that can be a sign of correction ending. As all my views, after breaking a trend line and passing of a level, uptrend has been starting and it could be a good opportunity for entry by finding a good SL for it.
WAT 100MA BouncePrice has experienced in the past a strong bounce off the 100MA
A similar situation is evolving right now
My question is will we see a large rise following this area in green? As was seen in the prior situation
Perhaps the sharp rise in prior sense was seen due to the relative age of the stock price
US Stock In Play: $WAT (Waters Corporation)$WAT rallied a further +8.92% to a new all time high since our last posting, closing at $307.91. The past 4 days of trading session is met with consecutive reduction of price volatility in $WAT, coupled with decreasing session volume. $WAT is currently 91.80% owned by institutions and insiders.
With $WAT remaining well below its peak implied volatility of 2021, the existing price action is stipulating a pause in its existing rally, before a further resumption of shares accumulation by the institutional traders.
$WAT a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe.
US Stock In Play: $WAT (Waters Corporation)U.S. stocks climbed to record highs on Monday with both the Dow Jones Industrial Average ($DJI) and S&P 500 ($SPX) hitting a new record close. This is on the back of a strong bounce in U.S. job growth and solid data in the services sector raised expectations for a swift economic recovery from the pandemic.
$WAT rallied +3.84% to an all time high closing of $295.65. The bullish momentum witnessed on Monday have $WAT also breaking out of a 7 month structural trend channel, setting sight for further upside in the immediate week.
At the current junction, implied volatility of $WAT remains 25% away from its 2021 peak of $7.80, while $WAT remains merely 1% away from its all time high traded price of $299.
$WAT a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe.
$WAT Breakout Pullback SetupThis is a breakout pull back setup from an earning gap. Watch for signals of bottoming and turning higher. The hammer candle today is a good start.
Waters Corp (WAT)- MANUFACTURES LIQUID CHROMATOGRAPHY/MASS SPECTROMETRY INSTRUMENTS PRIMARILY FOR THE PHARMACEUTICAL INDUSTRY.
WATERS CORP Opinion Hello traders, WATERS CORP is in a bearish fake composition with a hammer candle and a strong sell volume traded.By zooming in on the TIMEFRAME M1 we see a marubozu with a return of past stable purchase volume, it leaves on the basis of the bollinger for a test. And reach the highest of the bollinger after checking the VWAP to finish at the top of the range. It is very plausible to breakout the price thereafter ranges it to put in the one above and arrive on the high point.
After having passed the stage of an important decision will come the test of the top of the range before a breakout of this one. WATERS CORP will head for the top of the bullish channel to check it again.
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WAT Approaching Resistance, Potential Drop! WAT is approaching our first resistance at 209.13 (horizontal swing high resistance, 78.6% fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 191.95 (50% fibonacci retracment, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.