Nothing like the month of May/June for supports to be tested and...

Nothing like the month of May/June for supports to be tested and this June should be no different IMO.

WKT is in an extremely strong sideways range of 11 - 13 cents therefore you don't need to be that clever to anticipate 11 cents being attacked this month. Question is, who's game to take 100k units for a high probability trade to 12.5 cents? One of those set and forget trades??

This chart has the 50/200ema's which will be difficult to gain any indication or momentum from while it's in this range. Those two ema's are basically going sideways as well. You can see MACD also moves in unison with the range movements.



And here's the weekly chart showing the range began early January and I love the way even the bollies have squeezed around support / resistance perfectly with the bollie median right on 12 cents.



This guy still made bank when things went sideways.


Cheers.