WPNV Weekly Chart ~ The Big Picture Shows the Pote
Post# of 2561
Posted On: 06/15/2013 11:21:21 PM
WPNV Weekly Chart ~ The Big Picture Shows the Potential for a Continued Move
Congratulations to all of you that accumulated with me down to the .01 level of mid May. The 'Cup and Handle' formation, referenced within my previous post, saw the short term handle broken with Friday's move and this week's gain of over 100%. As one can see on the chart, the .055/.06 that I spoke about previously, was taken out decisively. As long as the stock holds above the new support level of that .055/.06, then a test of the mid .20s could be seen in short order. The upper horizontal line is at approx .25. Should/when the stock breaks thru that resistance line, the MA200 would be next. It is sitting at .5016 currently. GLTA
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