The last few weeks have seen some new events on the daily price chart:
Following the corona dump in March, WEB hit resistance in June at 4.92 (green line). After consolidating for a few months, it gapped up on November 10th to cross above that resistance line.[1]
This has been followed by a cross above the 200-day Exponential Moving Average (yellow line) a few days ago.[2]
Looking to the future, both lines (and the gap under the June resistance line) will be tested to see if recent price action is a fakeout...or the beginning of a rally...
WEB Price at posting:
$5.69 Sentiment: None Disclosure: Held
