The Bulls Are Heading Towards Higher HighsThe Bulls Are Heading Towards Higher Highs
With the LWSP gearing towards becoming a global brand, the market valuation has been representing this positive movement.
In the past few months, shares of LWSP have increased more than 100% in market valuation.
For the past several weeks there has been a build-up in support at the .04 level, after LWSP had a successful run during January. This is an extremely bullish indicator considering that after 100% gains LWSP did not witness any profit taking.
This means investors are likely anticipating MORE GAINS.
There is a minor resistance level at 0.05 level, from which LWSP can literally take off!
In the past few weeks, the 50 Day Moving Average has begun to ascend, thus potentially showing a continuation of the trend.
Moreover, in the past month, the MACD has been increasing, which is evidence of an increase in momentum that could propel shares of LWSP to witness new highs.
Currently LWSP is trading 320% above its low, yet technical’s are indicating that this potentially NOT THE LIMIT.