Friday, July 2, 2010

WBC : Weekly chart 020710


WBC is still on the weekly charts' downward trending channel. Stochs still have a bearish angle to it, signifying current wave is far from complete. Trend is still down, far sighted target could even be at last support $15.00. However there might be a correction in the minor waves, have to look into the daily chart for that. So unless the wave interpratation with Symbol A is correct as there is a previous 5 waves as labelled by (3), (4),(5) and thus completing Wave A, then we can expect a Wave B which prices then can be anticipated to go up to $24.

No comments:

Post a Comment