DWC: DISCOVERY WORLD CORPORATION

Looks like DWC has been moving sideways for few weeks now with the last week having a green candlestick which suggests an awakening of the bulls. Is it the start of the rise of DWC? So far we don’t have a lot of trades for this stock but based on our weekly chart, there is a possibility it will spike to 2.4x level. Notice how the price break from the Tenkan Sen line. Although its a very weak signal, it might be the start before the wild fire.

RSI or Relative Strength Index is at 22 for a 10-period weekly chart

Caveat!

Leave a Reply