Thats BSH.This is traded stock.If the hedgies and MM want it to go lower it goes lower.If they want it goes higher will go higher.I still say that our Hedge Friends will lay their role and not leave us in this chitty Price.We are right now only 30cent above the Max January prices.I hope to see the share price go above the 5$ before the end of the month.
I'll admit the RSI was/is a little over-heated and with the stock being so far outside of the upper Bollinger Bands, she needed some room to breath/consolidate. But what do you see on the MACD that suggests a bearish reversal?
We have the 10- and 20-day EMAs at $3.09 and $2.91 respectively with a ton of support at $2.85 and $3. Any pull-backs to this area are huge buying opportunities as was seen today. There is also a new support level that was formed at ~$3.15.
Most of the drop today was a result of the whole Freddie Mac calamity and MMs taking advantage of stocks in a similar situation. But WMIH is completely different from those stocks and was unjustly connected to them by either greedy MMs or shorts trying to take advantage of a unique situation.
Chart still looks extremely healthy to me. And i only got into this stock as a technical trade. Sent out a buy notification to the board and my trading group at $2.75. Nothing has changed since then imo.
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