Long
$WTRH Descending triangle around long term support line
$WTRH is beaten down and is looking to form a descending triangle pattern around $.29 support trend line which goes back 2 years.
Volume has dried up with each new low and a swing trade position can be taken on a close above upper trend line.
MACD histogram is showing divergence as well.
Risk :
reverse split may be coming as company has until 6/25 to comply with share price > $1.
Disclaimer:
I have a position.
Volume has dried up with each new low and a swing trade position can be taken on a close above upper trend line.
MACD histogram is showing divergence as well.
Risk :
reverse split may be coming as company has until 6/25 to comply with share price > $1.
Disclaimer:
I have a position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.