pool adsWEIBO CORPORATION AMERICAN DEP $WB Technical Update
The WEIBO CORPORATION AMERICAN DEP (NYSE: WB) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for WB, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Weak |
| P1 | 70.63 | 67.58 | 65.20 |
| P2 | 74.26 | 76.72 | 91.59 |
| P3 | 77.25 | 86.20 | 119.20 |
Support and Resistance Plot Chart for WB
Long Term Trading Plans for WB
August 20, 2018, 1:45 pm ET
The Technical Summary and Trading Plans for WB help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this WB Report.
WB - (Long) Support Plan
Buy over 65.20 target 91.59 stop loss @ 64.94.
The technical summary data tells us to buy WB near 65.20 with an upside target of 91.59. This data also tells us to set a stop loss @ 64.94 to protect against excessive loss in case the stock begins to move against the trade. 65.20 is the first level of support below 77.38 , and by rule, any test of support is a buy signal. In this case, support 65.20 would be being tested, so a buy signal would exist.
WB - (Short) Resistance Plan
Short under 91.59 target 65.20 stop loss @ 91.85.
The technical summary data is suggesting a short of WB as it gets near 91.59 with a downside target of 65.20. We should have a stop loss in place at 91.85 though. 91.59 is the first level of resistance above 77.38, and by rule, any test of resistance is a short signal. In this case, if resistance 91.59 is being tested, so a short signal would exist.
