Here’s a little study using the Delta Bands to examine EWC vs our study yesterday of FXC. Note the max consecutive loser numbers. As a trader I’m always trying to find low risk situations and this set up looks pretty attractive. EWC typically responds well to support/resistance systems..much more so than FXC. The problem with EWC for traders is the relatively low volume (about 1M/day), the option chain is thin, open interest is almost nil and spreads are wide (.25+)…all of which should make a thinking trader avoid the options side of this otherwise reliable performer. As a side note, FXC trades about 40K shares/day making it unpredictable and essentially untradeable, imho, except to more risk tolerant short term traders.
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