Weatherford Sell Setup Looks Imminent

Another stock in the list of us energy stocks we have been watching. However this one appears to be on the brink of breaking through the lower trend line.

We will be keeping a close eye on this one through the week and once it breaks through will be watching on a lower timeframe for a retest & rejection or a consolidation and then sell.

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If you have the patience, it is better to wait until this consolidation breaks to sell. I don't!