Worlds Inc (WDDD)

[doogdilinger]

This is a classic example of turning to the 60 min chart after a multi day uptrend. Looking at the 60 we have consolidation which is healthy on a stock that has moved this much. Now maybe later tomorrow it will be ready for 2nd leg up.

A lil more high level consolidation tomorrow and then it'll be ready for a break of the prior high.

These tend to go either way though...either thay can't hold this upper level consolidation and pullback...or they are very strong and break new highs after 2 days of consolidation and go for another run!

With all the ingredients this table currently possesses though a breakdown below about .36 would be a bearish signal and would move it into a full scale pullback not just consolidation...I just don't see that happening here and instead feel this is the perfect time for those late to the party to get in ahead of the pending next leg up glty