CWE carnegie wave energy limited

Chart check in., page-4

  1. 738 Posts.
    lightbulb Created with Sketch. 10
    thats why we need support to form at 3.9, there was an indicator that support may be forming.

    (Support acts as a floor too the price where people value the Stock in a regard that they wouldnt sell it, for example, no one would go out tomorrow and sell an apple share for a dollar right? cause the support is closer to 85 dollars).

    you are correct though, if support fails to accumulate at 3.9 then it will fall to a lower support level (in your case you predicted 3.4)
 
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