$WWR STOCK TA

IS HAS GONE THROUGH A MASSIVE MOVE TO THE UPSIDE OVER THE LAST FEW DAYS. MANY CATALIST SUCH AS THE PRESIDENTAL EXCEUTIVE ORDER HAS INFLUENSED THE PRICE OF THE COMPANY. KEEP IN MIND THIS RUN IS VERY VOLITILE AND CAN RESULT IN MASSIVE MOVES TO THE UPSIDE OR DOWNSIDE. ALSO, THE OFFERING CAN ALSO RESULT IN DELUTED SHARE PRICES ONCE EXECUTED. THIS COMPANY IS VERY NOTORIOUS FOR THAT, SO KEEP IN MIND OF ALL ASPECTS OF THE NEWS AND HISTORY OF THE COMPANY.

NOW FOR THE ANALYSIS,

THE COMPANY HAS RAN UP FOR $2 TO $14 IN A MATTER OF DAYS, THUS MAKING IT VERY OVERBOUGHT. THE DAILY CHART SHOWS ITS VERY OVERBOUGHT, BUT THE OTHER TIME FRAMES, FOR EXAMPLE, 30 MIN, SHOWS ITS TOWARDS THE LOWER MID RANGE. WE ALSO HAD A CLEAN BOUNCE ON THE 9 DAY EMA LINE ON THE DAILY, SHOWING THAT THERE IS SOME HOPE FOR THIS COMPANY TO RECOVER. MY EYES WILL BE ON THAT EMA LINE.

BULLS: IF YOU WANT TO HIT $14 YOU WILL NEED TO BREAK MAJOR RESISTANCE @ $8.50. ONCE BROKEN WITH A CONVINCINNG BREAKTHROUGH THERE WILL NEED TO BE A STEADY UPTREND ABOVE THE EMA LINE, WITH AMPLE VOLUME. FAILURE WILL RESULT MAJOR REJECTION TO $2-$5 RANGE.

BEARS: YOU WILL NEED TO LOOK FOR A CLEAR REJECTION OF EMA LINE. IF REJECTED, NEXT SUPPORT WILL BE AT $6.71 RANGE. KEEP AN EYE OUT ON THE RSI. IF BROKEN THEN SUB $5 RANGE WILL BE YOUR TARGET.

IN CONCLUSION, THIS WEEK WILL BE INTRESTING TO SEE WHAT THE MARKET HAS IN STORE FOR US. THE ELECTION, PLUS POP UP NEWS AND STIMULUS WILL PLAY AN IMPORTANT PART FOR THE OVERALL MARKET TO COME. BUT REMEMBER, HAVE A GAME PLAN. THE MARKET IS NOT YOUR FRIEND. GET IN, GET OUT, AND REPEAT. BEST OF LUCK TO YOU TRADERS.

Sheridans

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Sheridans