WFL 0.00% 0.3¢ wellfully limited

techical update

  1. 13,576 Posts.
    Today my buy order was hit at .048(first purchase since my sell just off the highs)..Todays action would be considered as panic selling...buyers at the highs selling at the lows...Below I have depicted the small measured move which culminated today...second chart shows what we are dealing with and why I purchased my first parcel at current levels.
    Tomorrow I believe we will see the dust settle and close at a higher level on lower volume...there after I would expect a base build up before we head back towards the .06 level..there after I am expecting the .10 level to be achieved in a short period of time..imo

    To conclude almost always when a stock hits major resistance (.06-.065) the retrace is healthy..there after the bullish trend continues and the sellers once again become the buyers.

    for ones private perusal ...enjoy
 
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