www.zenpenny.com/...ce-summary-and-looking-ahead-to-september/
Auszug Zitat:
" WMIH managed to finish the month of August with a 13% gain. The most important aspect of this gain was the fact that WMIH is now trading above $1 per share. In fact, the break of $1 came early in the month, with WMIH barely looking back since retaking this important technical milestone.
Typically, when a stock breaks out over an important number, such as 1, 10 or 100, there is an increased level of attention from sellers. These numbers represent an area where individuals feel comfortable tapering off positions a bit. This is why you see increased volatility around these numbers, as traders step up their activity.
The interesting and bullish part about WMIH’s break of $1 is that volatility has actually decreased since the break took place. The stock is now simply hovering above $1 in what is the narrowest one month range we have seen in sometime. Furthermore, there was a noticeable uptick in volume throughout the trading month as this contraction in the daily range for the stock took place.
From a technical point of view, this is extremely bullish behavior, suggesting higher prices in the months ahead"
Zitatende
MfG.L:)
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