25-Jul

Fallen Angels Pays Out by Grant C

Last week, I made some comments about the Third Industrial Revolution. I posted a weekly chart of WFR, a solar company, in a Fallen Angel pattern as a 3IR idea. This is a pattern I learned from Alex, and one I trade as often as possible. WFR bounced 16% in the week. Note the buy day was a narrow range day that marked a higher low. The bullish MACD-H divergence on the weekly provided a very powerful push. Target is around 13 or the 200 SMA, and we should get a pullback before then that will allow new buys to enter. Sadly, it was not my Spike pick.

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