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 > Rounded bottom reversal pattern

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Comment by Segusmundoon Aug 30, 2013 10:53am

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Post# 21709252

RE:Rounded bottom reversal pattern

WOF has really turned into an interesting chart. Thusfar, the chart confirms a clear rounded bottom reversal pattern. I think we are currently consolidating gains from the second leg run up from .12 to 18. This .18 price appears as a major resistance point. If we can get a close above that level, I think we start the next leg up and go into the twenties not long thereafter. If we can't overcome .18 just yet, we may see a retest of .15-.16 support (another buy opportunity) and then make another run at rallying past .18 resistance. Barring any bad news, I really don't see anything on this chart that points to a major selloff. This is also supported by the currently strong level II demand and weak selling pressure. I see upside. Good luck to us all! Seg

WOF chart: https://scharts.co/1a5HHkX

Rounded bottom reversal pattern: