WOA - Charting, page-462

Another week has finished and another short week as a result of a trding halt. Time to get the week in perspective.
WOA 0.024 monthly still green and in and trending higher but so far restricted by the proximity to the 52 week highs.

WOA 0.024 weekly continues to coil and consolidate beneath the 52 week high


WOA 0.024 daily chart still consoliding beneath the 52 week high but drifting lower.
The theory at present is buy discounted stock meaning any breaks beneath 0.024 of the daily chart orange fair value line.


WOA 0.024 hourly chart showing the three trading days this week with price grinding lower from the weekly high on Monday
Monday 5th May Price initially drifted up to Friday's highwhich became the high of the weekly template. Then price drifted back to Friday's closing price.
Tuesday 6th 0f May was a narrow range day which broke out beneath Mondays lows but at the end of the day pulled back inside the trading range.
Wednesday 7th May was in a trading halt pending an announcement
Thursday 8th was in a trading halt
Friday 9th announcement of funding for China expansion saw price break marginally lower than Tuesday's close.

So overall the monthly and weekly are holding up well which means that at present buyers can buy dips beneath 0.025 hourly chart fair value line
knowing that price because of the higher timeframe bullish bias will tend to move towards fair value and eventually will retest the upper trendline.