Woulfe Mining Corp WFEMF

Rounded bottom chart pattern?

[Segusmundo]

It is a reasonable possibility that WOF is undergoing a Rounded Bottom Breakout pattern. I hope so. The Rounded Bottom chart pattern, and WOF's 90 day line chart follow:

Rounded Bottom:

This pattern takes months, even years, to develop. The pattern is created by a downtrend, followed by a sideways neutral range. When the right side of this “saucer” develops, it will be obvious that the stock/market wants to go up. There should be a massive increase in volume on the breakouts following the final completing of the right side of the pattern. Shorts will cover their positions as they realize that they can no longer profit from the stock.

When the multi-month base is forming, the main moving averages should catch up to the stock. They should level off and start heading higher and support the stock as a “launching pad” for continuous breakouts. See, https://ibankcoin.com/chart_addict/2009/05/11/7-common-breakout-patterns-educational/

Woulfe's current 90 day line chart:

https://stockcharts.com/h-sc/ui?s=WOF.V&p=D&yr=0&mn=4&dy=10&id=p37056942692

Good luck to all longs. Seg.