WAFUWah Fu Education Group Ltd (NASDAQ:WAFU) I think both of these EDU China stocks are trading at or near their medium-term lows and should see a strong recovery, either sustained or temporary, in price per share within the next few days. There has been a bit of hype again on social media about the company's stock due to its low float, so keep an eye on it. Could explode higher.
WAFU trade ideas
low float Chinese stock pump and dumpThere is no specific news or SEC reports from the company today so it appears that there has been buzz on social media around the buying of shares in China-based education companies that have a low float today. Wah Fu Education Group has a 1.18 million share float, which is ideal for day traders. When shares have a lower float, day traders can drive drastic changes to the stock price.
WAFU bullish flag WAFU had a nice bounce at market close. The move continued in the after hours. I can see it making a run in the pre market tomorrow. It will have to break the strong resistance around 7.50 to keep a good move throughout the day. Good idea to put on your watch list for tomorrow, 7/10/20. White lines are R/S lines. This is NOT financial advice.
WAFU symmetrical triangle endingHello Everyone. Looks like WAFU triangle is closing by today or early tomorrow. It is a bilateral pattern so it will either go up or down by EOD today. Time will tell. All my day traders should put this on their watch list. White lines are support/resistance lines. 1 hour chart. Pink 9MA. Purple 20MA. Blue 50 EMA. Sky Blue 200 EMA