Flem, I also have an interest in WOW as I shorted it recently. Hence, I can offer the following comments with reference to the chart shown below.
My previous short trade was stopped out via a trailing stop on 3-Mar for a small profit as shown on the chart.
I was aiming for a target of 3250, and consequently, I have been keeping an eye on WOW for a re-entry point.
Although only in an uptrend for the last two days, I am hoping that WOW can get back up to the 3650 to 3700 range. At this point if the global markets are looking negative, I will be considering re-shorting WOW.
Inspection of the chart shows that I missed an opportunity to re-short WOW on 13-Mar. However, at the time the global market was too erratic for me.
If the global market tumbles before WOW reaches 3650, then imo it is perfectly shortable at the moment from a TA perspective. That is, the top will have been missed, but there is still plenty of room for downside to 3250.
If the global markets sell off strongly, then there is support on the chart at 3150, but after that it is all the way down to 2850 and eventually 2450.
I am interested to see what JR says as well, as he has an interesting approach to trading. However, I my understanding is that he only trades 24 hour markets such as indices and commodity futures.
Your CSL short is obviously improving, and the chart is looking promising imo, and with a move down to 6700 possible. I almost joined you with a short around 13-Mar. However, once again at the time I could not work out what the global market was up to.
