Sagar Nandi
High dividend yield stock moving up from a low price level.

$WPG.

360 Analysis Summary: The stock has a dividend yield of 22.7%. It is creating a false downside breakout and moving up by more than 12% today after displaying Bullish Headwind. You may consider buying the stock. Be mindful of the weekly Memory resistance lines ahead. You may be watchful of that. One approach could be to wait for these resistances to be cleared before taking a long position.

All the snapshots are from around 1:20 PM EST on 3rd May 2019.

Numbering in the text below follows the marking on the pictures.

IMPORTANT: As the price may move up or down during the day, you may confirm a swing trade setup at or near market close.

1) Its industry, Retail REITs, is the strongest in the Real Estate sector and

2) It is Accelerating.

3) The stock is a Value stock.

4) With a dividend yield of 22.7%.

5) Today it is up by almost 13% at this time.

6) Weekly created a false downside breakout, and weekly Backdrop candle color turned Bullish (cyan). It also displayed a Bull Release (green up arrow) signal.

7) Daily displayed a Bullish Headwind reversal signal and

8) Today it went up sharply and created a false downside reversal in the daily chart as well. Flow candle color turned bullish (cyan).

9) There are several weekly Memory resistance ahead. You may be watchful of that. One approach could be to wait for these resistances to be cleared before taking a long position.

wpg edge 2019-05-03_13-21-46.jpg  wpg funda 2019-05-03_13-23-15.jpg  wpg tech 2019-05-03_13-17-27.jpg 
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Sagar Nandi
WPG closed on Friday, 3rd May (the day I shared the analysis) with indecisive daily and weekly candles. Though the stock was still up by 8.6% for the day, following CUE guideline, one would stay away from taking a buy position.

WPG 2019-05-04_12-46-42.jpg 
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Sagar Nandi
1) I had shred about WPG twelve days ago. That time did not give a buy setup as the day ended with a candle with an upper tail.

2) Today it seems to be going up as of 11:10 AM EST. If it closes with a bullish shape candle, that will break above the Memory Resistance trendline and may give a buying opportunity.

wpg followup 2019-05-15_11-05-49.jpg
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Sagar
1) I had shared a possible GWF Long setup in WPG on 14th May 2019. That signal confirmed by the end of the day.

2) Stop level would be decided by CUE Protection signal level.

3) On 20th May the stop was hit, and one would exit with a small loss with discipline.

wpg sl 2019-09-26_12-43-16.jpg 
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