$WGAS pausing at 618 retrace As mentioned in a po
Post# of 72
$WGAS pausing at 618 retrace
As mentioned in a post back on iHub, I exited this trade on Friday as this pattern was beginning to weaken. Today the bid slamming continues and the price intraday is finding some level of support at the 618 retrace.
A close down here would likely negate the uptrend and signal further selling back to the lows. Since this looks to be a slow pounding of the bulls, there could be a high volume sell off if support down at .005/.006 breaks sending it back to the .004 level.
Once again, this company said that they will not have significant production until October/November so that is a long time to wait in order to front run a confirmed BPD that we have not even received estimates upon.
[IMG]http://i.imgur.com/tqxaj.png[/IMG]
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