collintwols

$WATT Possible Bullish Reversal Indicator - Morning Star Pattern

Long
NASDAQ:WATT   Energous Corporation
WATT just formed a beautiful Morning Star candlestick pattern which may have identified $2.25 as a new bottom. Morning Stars are usually good reversal points, and as long as it doesn't close below $2.25 then it will remain as the new bottom. The Oscillators aren't that tempting to enter into a new trade, but if WATT can break $3.00 then I would be happy to enter. I would be even more excited if there was a high volume day. For now everything is still significantly low, so no one is sure if it's worth the squeeze yet!

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