WEIR bounced

Ive got my long entry at 1774 for today as thats where the trend line is currently.
Im hoping that the trend line will be tested in the next few day so i can do my first touch basis trade on this again.
Ill be using a 10 point stop as if it does breakout through the trend line then it could signal a correction.



DYOR

Im looking to go long if this test that trend line again in the future at 1761.
So one to watch again.


dyor

cheers remo....good thread.
Wish I spotted this earlier as Weir is a nice high beta share to trade

The moving averages i was using was 50 sma and 200sma. So a golden cross. This crossed on the 31st october. This happened a few days ago. I did mention this when it was happening. If you follow this thread back you will see me talking about it.

The 50EMA and 200EMA crossed on the 9th october. shows the difference between the 2.

remo

REMO - What MA's are you using on the charts? was there a golden cross about 6 trading days ago?

cheers
a.k.a ridethewave2

Ive added to my long on this on the back test of down trend line breach.
My stops are below 1800

dyor
remo