TSXV:WEE.H - Post by User
Comment by
JustLongon Sep 25, 2009 1:28pm
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Post# 16338947
RE: RE: GAP
RE: RE: GAPGaps are not aways filled.In this case with indies at a high level by any measure,and may be forming a star pattern,it may come back to fill.If it fills the gap great.If it doesn't it's onward and upward.The "market" sentiment towards wee has been strong,if that weakens the price is comming down.$1.40 is support(not shown on the daily)If it does come back to there and does not hold then 1.20-1.30 is support.Last year support was about 1.80 at the May dip and was resistance at the Aug peak,peak at 1.50 in Sept,again at 75¢.This year the same support and resistance levels are in effect on the way up.Left 75¢ and went to 1.20 and to where we are today.Gaps act as support ans resistance and there is one fromJuly/08 at about 2.10 so between here and 2.10 the is strong R and then S around 1.30-1.50(if it comes back)It still may go higher.Wait and see.
https://stockcharts.com/h-sc/ui?s=WEE.V&p=D&st=2008-04-01&en=2008-12-01&id=p44342609523
(last year)
https://stockcharts.com/h-sc/ui?s=WEE.V&p=D&yr=2&mn=0&dy=0&id=p26010746071
(this year/2 year)
JL