Another week is over traders time for a look into the charts to...

Another week is over traders time for a look into the charts to see where WOA stands. lAso we are getting towards the end of a month which usually adds to volitility as higher time frame decisions are made.
WOA 0.021 monthly had a very pedestrian inside month so far in May and is wicking into both the 20 weighted moving average and 52 week highs without showing a real lot of vertical momentum yet. A pullback next month looks likely at present with overhead resistance just above current market price on the monthly chart.

WOA 0.021 weekly chart
has spent three weeks of May pulling back to test the 20wma for support

WOA 0.021 daily chart
has spent the whole of May so far inside the trading range of April.
We currently have a triple bottom at VWAP which is bullish but price is capped by a descending 20wma
so price remains constranied and coiling for a larger move.
If price is going higher it needs to break and hold above the 20wma.
If price is going lower it needs to break and hold beneath VWAP
or it will just continue to drift sideways between the two as it has for most of May

WOA 0.021 hourly chart


Monday 19th price drifted sideways
Tues 20th price drifted sideways with indecisive dojis
Wed 21st was an inside day inside Tuesday's range
Thursday 22 price broke lower beneath the 20wma
Fri 23rd price consolidated just under hourly chart fair value and still beneath the 20wma