Posted On: 02/09/2014 5:16:22 PM
Post# of 2561
WWAV Daily Chart ~ Better Hold That MA50
I sold WWAV (link back) near the top of the last run. I haven't re-entered, and by the looks of things, WWAV could see a further decline, especially if the MA50 doesn't hold. The stock dropped below the 50 on Wednesday near a previous low (21.82) and recovered to its declining tops line in place since the high of 24.96. The 12d MACD is hinting that there is more downside possible. Should the MA100 fail as support, one should look to the 20.56 and then the MA200 as the next support levels. GTLA
I sold WWAV (link back) near the top of the last run. I haven't re-entered, and by the looks of things, WWAV could see a further decline, especially if the MA50 doesn't hold. The stock dropped below the 50 on Wednesday near a previous low (21.82) and recovered to its declining tops line in place since the high of 24.96. The 12d MACD is hinting that there is more downside possible. Should the MA100 fail as support, one should look to the 20.56 and then the MA200 as the next support levels. GTLA
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