I've got a 6 month daily chart of WME here.
You can see from looking at the chart that it has gone through a period of illiquidity - all those dashes (-) on the chart represent days when no stock was traded at all! This is bad if you're holding because it makes it hard to sell your holdings and you may be forced to sell at a low price and realise some hefty losses if you need to liquidate your holdings for some reason. It also signals little interest in the stock which isn't a good thing.
It's come to life again in early February with volume picking up as it broke above the 30 day exponential moving average - average of prices over the last 30 days or so basically smoohed out to make the purple line... this signalled a breakout back at 8c if you were watching this stock.
However, just recently, it's made a break above the resistance of 12c with increased volume, the moving average up and the PVI positive... it's pulled back the last 2 trading days to find support again at 12c, but I would be alert for it to rally next week, especially if some positive news regarding a deal involving Uranium that I've heard rumours of is true.
This is not to be taken as financial advice in any way, please DYOR and consult a qualified financial advisor to take into account your needs, etc. before making investment decisions.
PS. I hold.
You can see from looking at the chart that it has gone through a period of illiquidity - all those dashes (-) on the chart represent days when no stock was traded at all! This is bad if you're holding because it makes it hard to sell your holdings and you may be forced to sell at a low price and realise some hefty losses if you need to liquidate your holdings for some reason. It also signals little interest in the stock which isn't a good thing.
It's come to life again in early February with volume picking up as it broke above the 30 day exponential moving average - average of prices over the last 30 days or so basically smoohed out to make the purple line... this signalled a breakout back at 8c if you were watching this stock.
However, just recently, it's made a break above the resistance of 12c with increased volume, the moving average up and the PVI positive... it's pulled back the last 2 trading days to find support again at 12c, but I would be alert for it to rally next week, especially if some positive news regarding a deal involving Uranium that I've heard rumours of is true.
This is not to be taken as financial advice in any way, please DYOR and consult a qualified financial advisor to take into account your needs, etc. before making investment decisions.
PS. I hold.
