Evidence of a symmetrical triangle with a 'potential' breakout peep over 12 months on the weeklies. The triangle is validated with decreasing volume over the same period. Keep an eye out, it may shoot soon. However, it may be a false peep (due to heavy sell pressure) but will add more upward bias to the triangle (currently, the bias looks slightly downwards) and delay the breakout to occur later. Overall, I see this as a long term positive sign from a technical perspective. This may be a good opportunity get in.
WZR Price at posting:
21.0¢ Sentiment: Buy Disclosure: Not Held
