Charting WMG, page-23

Morn'n all,

Well, great week for WMG. Although we finished the week with a "doji", which equates to the market "middle/neutral" point, the volume and money flow have been exactly what you want to see over the past 2 months.




On the daily, a few confluence factors at the $0.75 level, could be the natural retrace? We know that certain institutions took longs at this level, makes sense (for me) that they want to fill up again, and potentially will short down to there, if the market allows. $0.80-$0.815 are the ST support levels. $1 market is real, but as @Cand1eStickMan pointed out, needs news flow to get over this "psychological" barrier, which it is normal that it doesn't break on the first go. Note, that if/when it does break, it will normally retrace below the $1 mark after its first break. I would assume there, that news flow will be driving this.

Again, news flow can disrupt any type of chart, up or down.