$WTRH Rough week, but you can't have the gains without the pains, right? The price action with this low volume has been tough and frustrating to watch, but taking a look at the 4 Hour chart might suggest that the light at the end of the tunnel is beginning to shine ever so slightly. We're at a point where candlestick bodies are closing smaller, EMA lines are converging tighter, and volume is trending lower. Also, $2.31 stands as the 50% retracement level. Despite a few momentary dips, we haven't spent a whole lot of time below this area. Holding/consolidating at the 50% retrace is generally a good thing. This could be evidence of a strong area of support, and I think we see some more consolidation at these levels. While none of this offers much excitement, it does allow the technical indicators to reset. I think this sets us up to see a significant move in June. Perhaps coinciding around the time leading up to a certain annual stockholder's meeting?
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