For WWR I think a cup with handle pattern has been completed that I highlighted on the graph, with the arrows in blue the objectives of this pattern, the static resistances at 1.80 and 2.20 the critical levels
Westwater Resources, Inc. operates as an energy materials developer. The company holds interests in Coosa graphite project covering an area of approximately 41,965 acres situated in Coosa County, Alabama. The company was formerly known as Uranium Resources, Inc. and changed its name to Westwater Resources, Inc. in August 2017.
Westwater Resources, Inc. was...
Westwater Resources Inc (NYSEAMERICAN:WWR) possible double bottom formation while the stock is breaking out of a small falling wedge. If the 1.60 level continues to hold as support, a retracement rally back towards 2 looks achievable.
Shs Float:32.00M, Short Float:5.66%, broke previous months high of $2.25. Increasing in AHs
"BREAKING: Russia confirms Putin bans export of products and raw materials outside of the Russian Federation until at least 2023"
Westwater Resources, Inc. (WWR) bounced from its strong support of 2.10 and now is probably filling the gap to the 3.70 resistance.
52 Week Range 2.11 - 11.45
WWR in an interesting position to follow as it is inside a bearish channel and at this time it seems to want to test the dynamic resistance of this channel, it has also positioned itself above the static support in the 3.85 area
Falling wedge.
4hr triple hidden bullish divergence on the MACD and hidden bullish divergence on the RSI.
Daily hidden bullish could start to develop on the MACD.
Weekly MACD almost flipped.
Stop = Breakdown of pattern
Target = Resistance
Dragon patter w/ triple bottom
Classic bullish divergence will start to form on the 4hr MACD and RSI
Entry = On Support
Stop = Below Resistance
1st Target = 0.382 fib extension
2nd Target = 0.618 fib extension
It looks like we are approaching similar scenario that took place on 01/10/2020 when in a few short sessions WWR reached $14.29. Catalyst would be a breakout of descending triangle and of course market conditions. Initial target around $7.80 and then $9.30 according to Fib. Ret.
