LubberJML
Oct 2, 9:40 AM
$WRD Tony reported this on the Q2 call and now Bloomberg decided to remind the market of it. What's the purpose for that?
I've posted the chart patterns suggesting a potential tag of
$5 first then a larger chart pattern suggesting a move down to the low
$4's.
The line in the sand I showed earlier this week was tagged yesterday then WRD bounces up. This morning the breach of that line happened.
The door is open now to
$5. After that there is no support anywhere.
The two year anniversary of the IPO is weeks away and WRD hit another all time low today. Whatever Tony says or reports is irrelevant to the market that decides stock prices.
Charts don't say why patterns play out, they just do so more times than not. Price is now at that critical line in the sand again of
$5.18.
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