Gann Support: 0.34/0.31 | Resistance 0.37|0.40
Trade at high volume near the resistance over one month.
Hopefully can break the first resistance and become bullish.
One year target price is 0.40 and long term target price is 0.47
Analysis based on my hope only. No need to trust this analysis.
Consider to study, analyze and monitor WIDAD as it attempts to cross fibo886 in what appears to be a bearish bat harmonic pattern. Potential swing trade can be taken from fibo886 (Point C) to fibo886 extension (Point D). CL is below 52-week low.
Widad was dipped by 50% from Fibonacci resistance area at 0.80 and found support at Fibonacci sell target 1.618 at 0.39, forming a Double Bottom reversal pattern. A bullish bias has emerged above the Double Bottom as the price has violated the downtrend line followed by a stronger buying volume coincide with buy signal seen on daily Stochastic . Theoretically, the...
Widad is going to make a double bottom and it could react to that.
the reaction to that could make as a retracement to the long fall that happened this couple of weeks.
I'm biasing a bullish here.
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Always take care of your MM.
Think of the value STOP LOSS first rather than the value of your TP.
All...
This is a very interesting stock, which it had been dropped 50% for 3 months in early 2021. And starting to rebound and dropped and rebounded.
By seeing the rebound pattern, it has formed a triangle which trend direction is still unclear. But the graph may bound inside the triangle forming top breakout, or dropped lower.
EMA 120 shows 0.565-0.570 which...
Chart 1
A helicopter view on weekly timeframe (Chart 1), we can see the Bullish market structure with formation of Higher Highs and Higher Lows. In July 2017 the price reacted at Fibonacci Target 4.236 and plummeted to support level at 0.22. The price was consolidated for two years, before surging higher forming new ATHs. Our view is Bullish here.
Chart 2...
