There is a possibility of the stock falling to 26.50 levels where the bids have been strong. The risk of this trade is that westjet is still fundamentally strong compared to the TSX when looking at trailing numbers and is close to oversold levels on the 14 day RSI. This might prompt a wave of buying relatively early. It is not uncommon however, that stocks become...
After attempting to break 50 for a while now, WTI has broken through $50 overnight. This is bullish for the week and I expect a retest of the ~52 level. Support has been tested early this morning at 50 and has held.
*Short term outlook*
Look for a breakout of the 50 Dollar resistance line for a bullish push to retest 52. Losing the recent 48.80 support will be bearish and could cause us to return to 47
