Stock price can change anytime, so maybe WHA will not fall to...

Stock price can change anytime, so maybe WHA will not fall to the levels of 50-55% retracement. It could fall more than that.

Short term the technicals do not look very good and on a personal call there is 80% chance that WHA will fall below $1.55 (pre-trading halt) over the next couple of days. If WHA closes today at $1.55 or below that would be a very bad sign for the share price in the short term. One classic example of being dumped on good news is KIN Mining which announced they got a $35m facility to develop their gold mine. This announcement was just yesterday. Share price jumped but stock got sold off during the day and the share price finished flat. Today KIN has fallen another 8%.

The way WHA is traded is that there seems to be 15-20minutes spurts when the share price gets knocked down by 4-6cents. Then it stabilises for maybe 30-90 minutes and it gets knocked down by another 4-6cents. Since its $2.78 high this seems to be the pattern. On its way up it exhibited a similar trend except it was bought up and the share price ran 4-6cents in spurts...and there was 3-4 spurts a day. This is indicative of institutional buying and selling.

Got out of WHA at $2.43 (on the day which they announced that CFDA was "within 3 months") and looking for a re-entry. It does look enticing to get back in at these levels and lock in about 80cents profit but the short term technicals does not look good.