SELECT ENERGY SERVICES INC - NYSE: $WTTR Nears Critical Level
アップデート済
After recapturing its 200 DMA in early Spring (March), the shares of SELECT ENERGY SERVICES INC - NYSE:WTTR have been trading in a narrow range working on its right-side as we can observe in the Daily chart above.
While the stock has made no real progress recently and continues to trade range-bound, WTTR nevertheless remains in decent technical shape trading above all of its important moving averages 20/50/200 DMA's, which displays a healthy technical picture.
Additionally, if one were to extend the time-frames out to both the Weekly and Monthly durations, we can see that WTTR is potentially forming and inverted H&S pattern that should it complete, would likely carry the stock to much higher levels on a longer-term timeline.
That said, both investors/traders may want to continue to monitor the action moving forward for if WTTR should take-out the $13 level at any time in the days/weeks ahead, such development may set the stage for a move into a primary $16 objective and a possible measured move into the $18-$20 zone down the road.
Thus, WTTR finds itself a stones throw from a critical level ($13) and both investors/traders may want to put the name front-and-center on their radars for further clues/evidence that a major move may be nearing in the offing.
While the stock has made no real progress recently and continues to trade range-bound, WTTR nevertheless remains in decent technical shape trading above all of its important moving averages 20/50/200 DMA's, which displays a healthy technical picture.
Additionally, if one were to extend the time-frames out to both the Weekly and Monthly durations, we can see that WTTR is potentially forming and inverted H&S pattern that should it complete, would likely carry the stock to much higher levels on a longer-term timeline.
That said, both investors/traders may want to continue to monitor the action moving forward for if WTTR should take-out the $13 level at any time in the days/weeks ahead, such development may set the stage for a move into a primary $16 objective and a possible measured move into the $18-$20 zone down the road.
Thus, WTTR finds itself a stones throw from a critical level ($13) and both investors/traders may want to put the name front-and-center on their radars for further clues/evidence that a major move may be nearing in the offing.
トレード終了: ストップロスに到達
WTTR stopped out.
To receive our alerts via email and SMS, join Insider Financial for Free at signup.insiderfinancial.com
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。