WAN continues to experience difficulty in breaking the 1650 resistance zone and it currently pulls back from its local highs. We could still possibly see a move back down into the trendline support/demand block before making a move back higher. We did, however, wick below the EMAs and bounce back, which does show some buy strength but ultimately we need to close above this resistance zone to really get moving.
Using the EMAs as support is a good sign for bulls as well as them looking to crossover bullish if we can push a little higher.
Thanks guys!
Using the EMAs as support is a good sign for bulls as well as them looking to crossover bullish if we can push a little higher.
Thanks guys!