Indicators In earlier posts two weeks ago, reversal potential was discussed. Chart indicators were showing the infancy of a turn up in share price and volume strength. Those numbers were adversely impacted, likely by insider selling. However, in spite of the selling, those indicators have continued to mature. Most importantly, for the first time since this recent .38 to .26 retracement began, we had a bullish crossover ("crossover") in the MACD )moving average convergence divergence indicator) (see red circle on chart) . This generally considered an important signal.
If we get a strong volume upside breakout, confirmation or at least some strong volume up days to confirm the MACD crossover, I would consider the crossover as strong signal of a the beginning of a new (up)trend. Again, as you can note from the chart, this signal has been in negative territory since the selloff began. The attached chart also reflects the other clearly maturing positve stock signals. Hopefully, this momentum will continue, especially with a little less insider sales. Obviously I remain long. Good luck to all! Seg.
https://stockcharts.com/h-sc/ui?s=WOF.V&p=D&yr=0&mn=6&dy=0&id=p33212698262&a=290354990