WAXP is showing a rounded bottom that, if all goes well, may turn into a cup and handle formation, signaling a possible continuation in it's bullish run.
I am going to wait until the handle completes.
The volume on the rounded bottom seems to be tracking but I would've like to have seen it slightly higher on it's run up the right side of the formation.
I am going to place my entry @ around .34 and my target around .47.
This could take a while to complete....
Constructive criticism and critiques always welcome.
Happy and prosperous trading!
I am going to wait until the handle completes.
The volume on the rounded bottom seems to be tracking but I would've like to have seen it slightly higher on it's run up the right side of the formation.
I am going to place my entry @ around .34 and my target around .47.
This could take a while to complete....
Constructive criticism and critiques always welcome.
Happy and prosperous trading!