WePOWER WPR- broke out of falling wedge, but meeting resistance
5/30/18
- WPR saw a nice bounce, but currently meeting heavy resistance (red boxes)
- Short-term looks bearish and could see retrace back to 1000-1020
- RSI and Stoch on the 4H need to cool down
- Bullish sign would be to see if we can turn strong resistance (1180) into support in the next few days/weeks and may be a good entry point if we can do that
- I've drawn a possible bullish path to get to the 2nd resistance zone
Please DYOR and trade at your own risk
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
- WPR saw a nice bounce, but currently meeting heavy resistance (red boxes)
- Short-term looks bearish and could see retrace back to 1000-1020
- RSI and Stoch on the 4H need to cool down
- Bullish sign would be to see if we can turn strong resistance (1180) into support in the next few days/weeks and may be a good entry point if we can do that
- I've drawn a possible bullish path to get to the 2nd resistance zone
Please DYOR and trade at your own risk
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
- looks like we bounced off the top of the heavy resistance zone and currently working on subwave 2 as expected
- We could dip to ~1000-1050 before starting subwave 3 up to retest the strong resistance areas again and may be a good entry point for those looking to get in this project or anyone looking for a potential ~30% profit short term