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collintwols
May 21, 2021 3:26 PM

$WATT Possible Bullish Reversal Indicator - Morning Star Pattern Long

Energous CorporationNASDAQ

Description

WATT just formed a beautiful Morning Star candlestick pattern which may have identified $2.25 as a new bottom. Morning Stars are usually good reversal points, and as long as it doesn't close below $2.25 then it will remain as the new bottom. The Oscillators aren't that tempting to enter into a new trade, but if WATT can break $3.00 then I would be happy to enter. I would be even more excited if there was a high volume day. For now everything is still significantly low, so no one is sure if it's worth the squeeze yet!
Comments
Soheil_Khosravi
very god Candle pattern
InvestEmi
WATT has been charting so many "stars" recently!
Congrats on spotting this one originally, and the question now is...
Was yesterday another morning star??
collintwols
@InvestEmi, thanks! Unfortunately it doesn’t look like yesterday was, but I like the optimism! ;)
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