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Thursday, April 17, 2014 7:55:25 PM
I could be wrong and it just RUNS STRAIGHT UP FROM HERE. BUT. with BMAK posting up today. I dont think I will be wrong.
Stay with me because its complicated.
The Tenkan San.(Green Line 26 day lagging indicator. It shows the closing price of the most recent candle(TODAY),
but the Tenkan San stays behind the stock 26 periods.(days))
You see on WNTR the Tenkan san is colliding with the price, the part of the run up where we recently took it above our .006 support on the cloud.
Traditionally. When the Tenkan san collides with the price like this. IT MEANS THAT.. there is resistance, and the stock will be very choppy for a while. Notice how it did that last time. (where i circled in green.) when the tenkan san collided with the price.
Also not the current price is below the Kijun Sen. Blue line (above todays candle at .008) is going down, which means the underlying averages are pushing WNTR down for the time being.
![](http://investorshub.advfn.com/uimage/uploads/2014/4/17/ffvvlsc.png)
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