WEAT getting ready to test its 200 MA for the 7th time!

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WEAT
WEAT has been in a secular bearish trend for over 15 years. But that has not been without bullish bursts. However something happened to WEAT recently were it successfully broke out thru its 200 DMA in April of last year. In my opinion this signaled the beginning of a change in trend for WEAT. Normally stocks shift from Bearish to Range then to Bullish. They typically require a consolidation phase in the middle. WEAT ranged in 2019 after a bearish trend then broke out in 2020 for a 150% increase. However, I am not going to bet the farm on that. There is money to be made in trading the range. This is when we buy low and sell high as appose to momentum trade. I am going to buy WEAT @ $4.66 and sell half of my position at the 200 MA (about $5.20) for a 10% profit. From there I shall ride the rest to see how far we can go.
Anyway, this is what I am doing with my money, you do you.
Good luck.

Feragatname

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