$WIF

Breakout from Channel Down pattern signaled a bullish trend reversal and price reached our target of $3.00 for 50% gain. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $3.00 to signal continuation of uptrend, with +20% upside potential to $.75 next, or 2) pullback near $2.30 support (200-day MA) could be another swing trade entry in Uptrend with +30% upside potential back to $3.00. Stop Loss at $1.85.

Pattern: Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level.

Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up, Long-term trend is Strong Up.

Momentum: Price is Overbought currently, based on RSI-14 levels (RSI > 70).

Support and Resistance: Nearest Support Zone is $2.00, then $1.50. Nearest Resistance Zone is $3.75.