GREY:WNXXF - Post by User
Post by
heainttellinon Dec 01, 2003 4:47pm
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Post# 6723940
What's going on
What's going onThere has been no great news so the stock has been consolidating since the high of 1.50. Today it fell to it's 38% fib level (from the advance that started in September) and bounced, which means the uptrend is alive and well.
There was also lots of trading done around 1.20 so if no bad news, it shouldn't go any lower than 1.20 or so.
And someone was trying real hard today to keep that closing price up. If the price had ended at 1.19 or 1.20, it would have made for a much mroe bearish looking chart.
Of course, all IMHO.