Woulfe Mining Corp WFEMF

Metals & Mining Industrial Metals & Minerals

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.

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Woulfe Mining Corp

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Post by Segusmundoon Dec 07, 2012 8:36pm

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Post# 20701571

Time added to retracement chart

In supplementation of my yesterday chart, the chart below adds the element of "time" to Woulfe's retracement. A .35 close today would have completed a 38.2% fibonacci retracement (see third from the top blue fan line). However, the stock closed at .35.5 on continued strength and more than 800k volume. Barring news, completion of this retracement (whether 38.2%, 50%, or 61.8%) should precipitate the reversal back to our predominant uptrend and the next challenge of .405 resistance. Arrows on the fibonacci fan in the chart below demonstrate Woulfe's uptrend by higher highs (red arrows) and higher lows (green arrows). If the stock retraces to support at .33, I hope we don't needlessly lose any of our friends on this board.

I had a wfemf buy order in today at .355 but canceled it late in the day since wfemf is again out of sync with wof.v. WFEMF closed at .374 versus WOF.V's .355 close. Good luck to all!