$WTRH Descending triangle around long term support line
WTRH is beaten down and is looking to form a descending triangle pattern around $.29 support trend line which goes back 2 years.
Volume has dried up with each new low and a swing trade position can be taken on a close above upper trend line.
MACD histogram is showing divergence as well.
Risk :
reverse split may be coming as company has until 6/25 to comply with share price > $1.
Disclaimer:
I have a position.
Volume has dried up with each new low and a swing trade position can be taken on a close above upper trend line.
MACD histogram is showing divergence as well.
Risk :
reverse split may be coming as company has until 6/25 to comply with share price > $1.
Disclaimer:
I have a position.
Penafian
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