On a purely technical standpoint
WAVX might need to still test $3.44 which is the std. retracement of the entire move from 0.84 to $5.04. Although WAVX did touch $3.56 Friday so the retracement requirements may be satisfied?...existential question till next big move. In either event, the next move up would suggest a neighborhood of $10.23ish before correcting again...IMHO!!! If, on the other hand, WAVX finds its way to much less than $3.44, a bigger retracement event is signaled...$2.44 is the next stop down, but I don't think it is possible w/recent news unless silence follows.
The NASDAQ is testing right now the utl from all the way back to 1253 (~1700 today). Recent history suggests the NAZ bounces with conviction off this number. If it fails, mid 1600's coming. At some point, WAVX will again begin acting in a high beta to the NAZ moves AGAIN IMHO. So this is why I mention this...
all imho and done on a cheap laptop
A.
"When all you have is a hammer, the whole world looks like a nail..."
