Posts tagged ‘Gaps’

April 8, 2011

WFR’s Gaps

We’ve already identified the two gaps that we’ll need to be concerned with for WFR in previous posts.   The second tiny gap has already been filled and I will note that the first gap from February needs to be tended to.  Caution on the need to fill this gap.  Until then, pray for support.  Target 11.90.

March 31, 2011

MEMC’s Spinning White Top – 13.10

As previously mentioned, WFR is trading at the 13.10 resistance.  A spinning white top confirms the need to hold before taking any action.   Keep an eye on the 50-day at is makes its way across the other MAs.  However, note the 10-day’s move below the 13-day despite bull action.   This brings up the reminder that there is a February gap to fill.