Posts tagged ‘WFR’

April 8, 2011

WFR’s Gaps

We’ve already identified the two gaps that we’ll need to be concerned with for WFR in previous posts.   The second tiny gap has already been filled and I will note that the first gap from February needs to be tended to.  Caution on the need to fill this gap.  Until then, pray for support.  Target 11.90.

April 1, 2011

WFR’s Doji

WFR tested past the resistance noted previously. The stock ended up with an engulfed doji, which normally is an indication of reversal in an uptrend, but do we even consider the past few marks an uptrend. I’m considering this doji just a break before the move.  I like to trade the MA crosses and in this case, the 10 is above the 13 which, in WFR’s case, is usually a call to move up.
I suspect we’ll see an move up because of the two, but as the first WFR analysis called for, I will be waiting for the PSAR confirmation before I enter. If you notice, the PSAR was never cleared for the next uptrend.

March 31, 2011

MEMC’s Spinning White Top – 13.10

As previously mentioned, WFR is trading at the 13.10 resistance.  A spinning white top confirms the need to hold before taking any action.   Keep an eye on the 50-day at is makes its way across the other MAs.  However, note the 10-day’s move below the 13-day despite bull action.   This brings up the reminder that there is a February gap to fill.