On the Ichimoku chart, WLP breaks the Chikou Span support at $58.34
We can also see that the leading kumo has twisted; a confirmation that the trend is down.
Immunomedics, just had a Tenkan sen – Kijun sen bullish cross yesterday.
It face resistance from the kumo with resistance at around 3.90
The leading kumo has also twisted, suggesting that this may be a change in trend towards the bullish side.
After falling almost a week, WLP seems poised to rebound.
A hammer is sighted as it bounced off the support level identified by the Chikou Span.
Could be a swing trade idea.