WESCO International, Inc. : Rebound on the lower limit
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$71.01 | $0 | $67.88 | -100% |
Following a bullish wave, the stock now shows a slight decline that should lead towards its USD 69.85 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the short term.
In this configuration, a decrease seems unavoidable in the USD 69.85 area. Investors could take a buy order on this level and get a good entry point to aim the USD 74.25 pivot point. A stop loss would be set below the short term support.