A must read re WIZZF,
echnically speaking...
...we are "running," and there are no signs of
deceleration at this point. Here's the chart:
clearstation.com
Look closely at the past four sessions, and you will see a
great example of a powerful uptrend. Note that volume has
increased during every session, and the MACD fast line
continues to pull away from the slow one. Also, take
another look at OBV--all I can say is WOW! Nothing but
accumulation going on here, folks. True, Bollinger Bands
are saying "Get back here!" but they really don't matter
too much during a move like this one. All important
technical signs point to additional gains, and even the
possibility of further upside acceleration. There's no
reason why we can't do $1 1/4 tomorrow if the trend
continues to strengthen. However, keep in mind that
there's also the possibility of some retracement any day
now (although I would say that it's highly unlikely
tomorrow).
Well, we initiated our first assault on the
psychologically important $1.00 level today, and--as you
can see--it held. However, momentum appears to still be
building, so it may not prove to be a significant obstacle
tomorrow (especially considering the fact that WIZ is
already trading at $1.40 CDN, and has the potential to
punch us right through $1.00 US via the exchange rate).
All in all, I would say all systems are go, and I'm very
positive on the outlook for tomorrow.
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