LWP Chart 2016

I don't claim to be a charting expert by any means, however I have taken a stab at charting my interpretation of the daily chart.

• We see a large period of capitulation following the Hallmark JV
  
  
• Late August following weak Maro markets LWP sees  .008 support tested and broken down to .007 (Mitta called this)
  
  
• Early September Support rallies once again at .008 and .01 becomes resistance
  
  
• In early October the accumulation becomes more apparent in the MFI indicator and several tests of the .008 support line.
  
  
• By mid-late October the .008 support was broken
  • New support line becomes .006
    
• Down trend continues while simultaneously the stock is being accumulated.
  
  
• Where we stand now
  • Support needs to hold .006
  • Further price catalysts need significant volume to push past the .008 resistance line
  • A close with significant volume above .008 should see a breakout of the descending triangle

Again this is my interpretation and I am still learning the ways of TA so take what I have pointed out with that in mind.

DYOR, Invest to your risk profile, YOLO #FEELTHEBERN