jmaddz

jmaddz Updated 

This is a fundamentals trade supported by simple TA. The charts speak for themselves. Something BIG is about to happen to WePower. It has flatlined almost to the point of standstill. Which way will it go? Up or down? Whatever it does it will move HARD and FAST. So with the MACD, RSI, and Stoch RSI all absolutely dead-center, we need to look at the fundamentals...

jmaddz

Further to my last Idea, it looks like we are in for a back-track in the short term (next 4-7 days). The RSI is showing we are currently overbought on the 4hr chart, so we are due for a slow-down, and at worst a retrace back to $8200. Worst case scenario: drop back into the downward triangle shown on the initial idea, and a movement back to about $7500.

jmaddz Updated 

This is my first published analysis. Please provide your comments so I can improve. Drawing a downward triangle following the highs since the last ATH and the lows since the last downtrend began, we see a breakout over the last few days on the daily chart. This chart uses the log scale to show true trading strength. The blue dotted line shows where we need to...