GREY:WFEMF - Post by User
Post by
Segusmundoon Dec 06, 2012 11:38am
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Post# 20692837
Retracement to 35
Retracement to 35 Wof.v is now trading today at a nice and orderly .35, or 38.2% retracement from its recent run. I will be interested to see if it closes at this level, or tests the 50% retracement level. IMO, from .19 on, this chart couldn't look better. Amazing for a penny stock. I will be eager to see the next trading days. Will it be from .35, or a further orderly 62.8% retracement like we had the last time? 62.8% retracement is .32. Either way, this retracement is very healthy for the stock and IMO provides another great buying opporunity before the next run at resistance. If the stock breaks support at .32, than I think .28 is next major support. I think all of this is very bullish for Wof.v. It is supported both by the fundamentals and the technicals. Great stock IMO.