Monday, March 14, 2016

Western Refining - WNR

4/6/16 Daily

4/6/16
Down with the oil market but looks healthy enough to me for now

4/4/16
This is a swing play. I still like it. 

3/18/16 Daily

3/18/16 On Target
Up .79 today. This one is acting very strong with a steady climb. Probably my favorite ticker at the moment. I'm guessing that if the news doesn't turn sour, this will break past the 30.00 mark and make it above 34 as mentioned before. 


3/17/16 On Target
Tested the 8 day and bounced off. 


3/16/16 1 min

3/16/16 Daily

3/16/16 Entry at 28.40 On Target
I decided to take the trade once it broke out of the pennant. It did end up pushing thru the 29.00 entry that I was hoping for and i am still in the trade. I will risk off the 29.00 and am looking for a move to 29.75 with a potential of 34.50 if it break thru 30.00.

3/15/16
The pennant is getting tighter so we can expect something to happen in the next day or two. It will likely be decided based on news of the oil market.My plan is unchanged.


3/14/16
WNR is building a nice base and looks like it is close to legging up. It broke a long term down trend and has good upside potential in my estimation. I'm looking for a breakout at 29.00 for a short term move to 29.75 with a potential of 34.50 if it break thru 30.00. I'm risking off 26.90. Watching to see how it develops but I like this one. 

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