Webbull Corporation shows signs of a potential long opportunity after forming a Bullish reversal pattern (falling wedge) on the daily chart. Price respecting a trendline, and Volume spurt on last trading session. signaling Bullish momentum. hinting at a possible uptrend initiation.
Key Levels to Watch:
Immediate support at $12.56 (immediate low)
Trade Plan:
Enter long above $13.50 on confirmation of bullish candle close.
Stop loss above $12.60 to limit risk.
Target $18.00 as per falling wedge rule, or trail stop as price moves above.
Disclaimer: Risk management is crucial. so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
Key Levels to Watch:
Immediate support at $12.56 (immediate low)
Trade Plan:
Enter long above $13.50 on confirmation of bullish candle close.
Stop loss above $12.60 to limit risk.
Target $18.00 as per falling wedge rule, or trail stop as price moves above.
Disclaimer: Risk management is crucial. so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
Trade active
Trade active SL @ cost
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.