Woulfe Mining Corp WFEMF

Upward momentum + Ned

[Segusmundo]

Zyn, WOF's share price would have been a nice end of vacation surprise! Not only that, but in your absence, the chart supports that WOF is in a rounding bottom reversal, a relatively rare but powerful pattern (chart URL at bottom). If this is correct, WOF is now in the consolidation phase of the second leg up on the pattern. It was a great second entry point today when WOF tested an intraday consolidation low of 15.5 and then closed fractionally up at .17 on stronger volume. Strong support appears at .15-.16, with resistance at .18.

I don't know if WOF retests the .15-.16 lows again during this consolidation, or makes another run at a close above .18 resistance, and then onward and upward. It appears to have a lot of room to run.  If a breakout past .18 occurs, presumably .18 would be our next consolidation support level as old resistance turns into new support.  

I know you have penchant for keeping an eye on both the fundamentals and technical analysis. So, great to have you back with a nice surprise! Seg.

https://scharts.co/1dWcphR