I am not saying that your interpretation of the chart is wrong. I am saying that charts carry little validity when applied to penny stocks which are thinly traded and volatile. So you draw charting conclusions when 10k-20k shares trade in a day? I would suggest that the information gleaned from that chart would be largely inaccurate. I do agree with you that just because professionals say charts are inaccurate for penny stocks doesn't make it so. However, that is their professional opinion. I share the same opinion. It doesn't mean charts can't be correct with penny stocks. I just don't apply much weight to the charting of penny stocks.
You seem to be cherry picking specific dates of March 29 through May 9. Stocks fluctuate on a daily basis and may go up or down for a day or two. However, according to the data compiled by Marketwatch, the stock is down for 1 year which is obvious, 6 months, 3 months, 1 month and still down the last 5 days. So to me that is a downward trend, which I believe is a bleed off. If the stock was trading in .07-.09 range I would say it is trending upward based on the new direction - but that hasn't happened here. We are trading in the mid .025 range, down from .05 - .06 range.
It is simply my opinion that the downward trend will continue, until there is a clear direction announced, not wishful speculation of what could be. As usual, it will pop on the next catalyst, as that brings hope and new investment and in my opinion will bleed down again in between catalysts, until they deliver revenue.
The Hallmark of effective communication is a clear message and repeat it often. That seems to be lacking in WDDD.
Perhaps my assessment is inaccurate, but I am one of the few people who have made $$ here. My instincts rarely lead me astray.
