No way guys,
Look at the daily chart, red bar with log 7c wick, a red shooting star like pattern sitting on this mini ledge 2.63 after a defined sharp peak at 2.90, strong morning rebound got smashed down back to daily lows where it closed.
The shorts were in charge and made small change yet again 2.70-2.63, a 7c windfall!
The volume is very light which is a worry as not many buyers out there so the price looks manipulated by the HFT pros. If these 17% shorters decide to smackdown WSA, then expect only a few M shares will take this down rather sharply.
With NP dropping away now to 4.95, WSA should have followed the Ni sector lower but didnt so may happen tmrw & next few days but for 5 days WSA has held around 2.63 despite massive 8% NP drop from 5.35 to 4.95 so thats a positive.
WSA was trading at $2.35-2.45 last time NP was at $4.95.
So thats the target for the shorters like I said before. Wait for the direction to become clear.
WSA Price at posting:
$2.63 Sentiment: None Disclosure: Not Held
