From a technical perspective, WMIH-stock has rebounded from $2.20 extends higher and took out $2.69 resistance last week. A long term bottom is formed with bullish convergence condition in 72 hours MACD.Initial bias remains on the upside next week for $3.59 resistance.
Break will confirm long term trend and bring further rally and explode higher here back above its 4500-day moving average of $0.25 with monster upside volume.
This move takes out some near term overhead resistance levels at $6.93 followed by the $8.47 level, and then once it takes out more resistance at $18.39 with high huge volume. This move is quickly pushing WMIH-stock within range of $25 or $42 levels.
On the Downside, below $ 1.71 minor support will turn bias back to the Downside for $0.84 low instead.
Looking forward to next week!
I'll just say - Have a profitable week! LoL |
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