Jun. 22 at 2:50 PM
$WAFU, I've been watching it. Seeming an intermittently volatile stock, it reached almost
$7.50 on February 25th, PM. However, it declined the same day, where one of the prominent factors appears to have been a massive short sale volume, more than 35m, according to Finra data. Since the IPO until the beginning of this year, the Visible Range of Volume Profile's highest bars are around
$8 and
$9, though the mean point of the VRVP has dropped to around
$6.50 when 2025 YTD is also included. If the short-sellers had not prevailed in February, the price may have probably stabilised between
$6 and
$8 for a while. Meanwhile, a triple bottom line appears to have formed in the weekly and monthly charts since April 2023. Its intermediate and eventual targets, around
$7.50 and
$13.50, respectively, may be reached at one point if validated.
