Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 04/24/2023, 3 days ago, when the stock price was 369.6400. Since then WST has fallen by -3.90%.
Market Outlook
There is now an ominous undertone in the market and there may be more sadness. The bears that triggered the bearish stop loss are gaining strength and we now consider cutting our bullish bet. The share price is below the stop loss level, but the signal is still suggesting to STAY LONG. The SELL signal requires a black body whose close is below the stop loss level and the chance of detecting such a black candlestick is high. The Delayed Intraday Module is ON. Given the high risk involved, following the price action on an intraday basis is now essential.