weekend charting 4/5 february, page-110

Just been having a look at WHN and found I had to draw on 3 charts to help decipher my thoughts.

First the Weekly





WHN Weekly





Looking good inside the top half of the fork,increased volume last few weeks.

Next the 3 year Daily





WHN 3 year Daily





Note there was no test of the median Line of the red fork so that brings in to play the white trigger line, which will be easier to see on the next chart.

Now zoomed in to the shorter term Daily with Action/Reaction Lines and the Green Fork.





WHN 1 year Daily





I think a short term pullback may happen before resuming uptrend again, because.
Encountering resistance
Pivot at the reaction line
Stochastic in oversold territory.

If it breaks through the white trigger line then it could be well into the green fork and looking strong.