TrickyRicky78
Long

$WBAI breakout on decent volume

NYSE:WBAI   500.COM LTD SPONS ADR REP 10 SHS CL A
Interesting looking chart with rising volume the last few days.
Might be shorts covering - short interest is high with 20% and might go in squeeze mode since it´s a small cap with relatively low liquidity.
Round bottom looks nice as well as the double bottom (almost.. more if you think of aa supportzone than the previous low)
Comment: Well not this time. I went long right after breakout and got stopped out at 19.30 USD yesterday. Will have an eye on WBAI´s reaction when hitting the supportzone from about 17,30 to 16.50

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