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Is WOK building bearish momentum? New 52 Week Closing Low shows up after crashing 25.93%
On Thursday, June 18th, WOK moved down 25.93% while volume was to 12.3× the usual levels. The unusually high volume suggests institutional participation in today's move. consolidation patterns formed: Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 1.41, -0.39 & -2.55, with resistance at 5.37, 7.53 & 9.33. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of WOK: F
There’s more where that came from. See all of today’s signals for WOK here.
Read full article here »