The uptrending triangle continues with the bottom moving up toward
the horizontal resistance line. This is a strong bullish signal.
The increase in volume, although not large, is also bullish.
It'll be interesting to see if moderately increasing volume will
push through the resistance line. If it does, I'll really sit up
and take notice. The MACD is opening up but the OBV doesn't confirm
it. My last buy back was at 3.35 for trading shares. Short term
the trend looks good but I'm not adding any trading stock at this price unless we see an increase in the OBV. If we get that move
past 4.05, then the question will be will any news be good enough
to get past the overhang of the high around 4.85. There'll be some
nail biters there who bought high, didn't sell, rode the stock
down and now will be more than happy to get out with their original
speculation intact.
My best guess is a series of rising resistance lines that turn into support lines over the
next four months--unless, of course, there are unexpected poor
results. I've played this conservatively and have sold half my
position, taken back my original money plus profits. If
WSP does an AJ and tanks
I'll wish I'd taken all my money back.If it does a teevee, I'll
kick myself for being too cautious.Greed and fear, ever at war.
In the meantime some good trades will allow me to take money off
the table and still hold my position.
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