Westshore Terminals (WTE-T, Monday’s close $27.70) declined from $37.70 in May 2022 to $21.59 in December (A-B), had a recovery rally in 2023 (C), and then resumed the downtrend below a falling trendline (dotted line). Throughout this time, the stock established support at $22.00-22.50 (shaded area) to suggest a base-building phase. Westshore Terminals had a breakout above the falling trendline during the first half of 2025 (D), pulled back toward its 40-week Moving Average (40wMA – E), and now appears ready to resume the uptrend (F). A sustained rise above $29-30 would confirm the resumption of the uptrend.
There is good support near $25; only a sustained decline below this level would cancel the current upside potential.
Point & Figure measurements provide targets of $31 and $34. Higher targets are visible.
stock
Monica Rizk is the Senior Technical Analyst of the Phases & Cycles publication (www.capitalightresearch.com). Chart, courtesy of www.LSEG.com