WLT Walter Energy Daily Chart Oversold Falling Wedge Positive Divergence

The WLT chart is set up for a positive divergence launch. It will be fun to watch this week. Note the yellow falling wedge with price sitting at the apex. The indicators are oversold and positively diverged (green lines) across the board. When calling bottoms, anything can happen, good or bad. As a speculator, you are never sure whether the light you see at the end of the tunnel is the way out, or, the oncoming train.

The chart is perfectly set up for a possie d rocket launch but will it occur? Last June-July, WLT popped off the bottom and jumped from 10 to 14, perhaps something similar will happen. There's a juicy gap at 12.5 that could use a fill. Keystone is long WLT. It should be a textbook launch, however, in trading nothing is ever certain. The rocket launch would be expected tomorrow or Wednesday. This information is or educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.