Short Term Trading Weekend Lounge: 10-12 Feb, page-5

Hey GB, I generally don't like to comment on stocks I've not been following closely enough to understand the fundamentals which feeds the technicals.

Had a look at the chart for WKT though still for you.

Looks like it had a spike, high volume then today has dropped back, low volume, rejected lower prices.

MAC and EMA lines all trailing the candles above which is good and look to be just starting their run.

Gap below though from 10 to 10.5 but not sure how important it is or what factors caused the gap up, could be a breakaway gap.

Need to wait for next week, see what volume it gets Monday and what share price level it's around.

Looks quite bullish for a longer outlook, few pips here or there difference not a huge deal, as it looks like it might be starting a bull run but will need to look further into the fundamentals.

Low shares and MC though which is good.

I'll have a read over the weekend and post something later.