WTIC had a motive wave selloff the first 2/3 of August 2010. The bounce the last 2 to 3 weeks has a triangle separating 2 advances, so the second advnace is the last of larger trend. The bounce has retraced a fibonacci 50% price and 78% time. Stochastics are overbought. bollinger bands are starting to widen, indicating a rapid price change.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.