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	<title>
	Comments on: WEAT 3rd Price Target Hit for 10% Profit	</title>
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	<link>https://rightsideofthechart.com/weat-3rd-price-target-hit-for-10-profit/</link>
	<description>Stock Trading, Investing &#38; Market Analysis</description>
	<lastBuildDate>Fri, 17 Feb 2017 13:02:22 +0000</lastBuildDate>
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		<title>
		By: Eric K		</title>
		<link>https://rightsideofthechart.com/weat-3rd-price-target-hit-for-10-profit/#comment-3206</link>

		<dc:creator><![CDATA[Eric K]]></dc:creator>
		<pubDate>Fri, 17 Feb 2017 13:02:22 +0000</pubDate>
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					<description><![CDATA[Nice trade. Thank you!]]></description>
			<content:encoded><![CDATA[<p>Nice trade. Thank you!</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/weat-3rd-price-target-hit-for-10-profit/#comment-3201</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Thu, 16 Feb 2017 17:06:00 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=174673#comment-3201</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/weat-3rd-price-target-hit-for-10-profit/#comment-3199&quot;&gt;Gonewiththewind&lt;/a&gt;.

Yes, the charts seem to indicate that T4 will be hit over time. However, my best guess is that WEAT pulls back or trades sideways (consolidates) for a bit soon before the next major advance.
You&#039;ll notice on that daily chart that I had set &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Third Profit Target&#039;&gt;T3&lt;/abbr&gt; slightly below the bottom of two horizontal resistance lines that are in close proximity to each other. I refer to that as a resistance zone.
The top of that zone is 7.65 so my best guess would be that barring any brief intraday breaks above, the current advance in WEAT will be capped around that level, followed by a &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt; (pullback and/or consolidation).
I&#039;ve left the positions in my long-term account alone &#038; booked profits on the swing trade shares (deploying those funds into shorts on the broad markets &#038; semis).]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/weat-3rd-price-target-hit-for-10-profit/#comment-3199">Gonewiththewind</a>.</p>
<p>Yes, the charts seem to indicate that T4 will be hit over time. However, my best guess is that WEAT pulls back or trades sideways (consolidates) for a bit soon before the next major advance.<br />
You&#8217;ll notice on that daily chart that I had set <abbr class='c2c-text-hover' title='Third Profit Target'>T3</abbr> slightly below the bottom of two horizontal resistance lines that are in close proximity to each other. I refer to that as a resistance zone.<br />
The top of that zone is 7.65 so my best guess would be that barring any brief intraday breaks above, the current advance in WEAT will be capped around that level, followed by a <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr> (pullback and/or consolidation).<br />
I&#8217;ve left the positions in my long-term account alone &amp; booked profits on the swing trade shares (deploying those funds into shorts on the broad markets &amp; semis).</p>
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		<title>
		By: Gonewiththewind		</title>
		<link>https://rightsideofthechart.com/weat-3rd-price-target-hit-for-10-profit/#comment-3199</link>

		<dc:creator><![CDATA[Gonewiththewind]]></dc:creator>
		<pubDate>Thu, 16 Feb 2017 16:07:16 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=174673#comment-3199</guid>

					<description><![CDATA[For what its worth, I see weat hitting your finally target. No position but I would have loved to futures trade this. Missed out. There is always a next time. Congrats for those that took it.]]></description>
			<content:encoded><![CDATA[<p>For what its worth, I see weat hitting your finally target. No position but I would have loved to futures trade this. Missed out. There is always a next time. Congrats for those that took it.</p>
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		<item>
		<title>
		By: Dazi		</title>
		<link>https://rightsideofthechart.com/weat-3rd-price-target-hit-for-10-profit/#comment-3198</link>

		<dc:creator><![CDATA[Dazi]]></dc:creator>
		<pubDate>Thu, 16 Feb 2017 15:19:39 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=174673#comment-3198</guid>

					<description><![CDATA[Took profit at 7.55 the other day.
Thanks for the trade, Randy.]]></description>
			<content:encoded><![CDATA[<p>Took profit at 7.55 the other day.<br />
Thanks for the trade, Randy.</p>
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