$WSBC now in danger of dropping below SMA200

Strategy: SMA200 Bounce (High Risk)
Ticker: $WSBC


$WSBC is now sitting at its SMA200, the first time the price dropped this low since February 2018.  Notice that in the last 12 months, everytime $WSBC dropped below SMA200, it was followed by a recovery towards the upside.  Now, it appears like it is testing SMA200 again.  The difference is that there was a clear uptrend from November 2017 to June 2018.  From end of August to September 2018, there is a clear sign of downtrend.

Trade:  Open properly sized position with stop loss at SMA200 minus 2X ATR.  The strategy is potential gain if  $WSBC bounces off its SMA200 or  risking loss if downtrend continue below SMA200. 

Risk: High Risk 
Predicted Result: I do not predict prices

Update: I opened swing trade position but was stopped at a predetermined loss.  You can't win all stock picks. See updated chart below. The price dropped below 200-day MA.  It is now is bear land.  





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