WebMediaBrands (WEBM)

[goosemeister]

I'm reading runes here, but I see one more test of resistance before WEBM breaks through. Watch for the retrace to just above the upward support line. Then I can see a breakout free and clear of the current resistance or a breakout that immediately returns and then takes off again.

Regardless of the day-to-day movements, I do see a breakout on the way. Meckler recently Tweeted that more announcements (acquisitions, deals, or whatever) will be made during the first quarter. Perhaps one will be the catalyst.