Thanks Jako. I've traded WOW in the past but not quite tradable...

Thanks Jako. I've traded WOW in the past but not quite tradable for me at the moment with the direction for the next few months not certain enough. I agree with your comments. We're at a good support level. $24 is also 61.8% of the All Time High and it's positive that the price on the monthly dropped well below that level and closed above. So a little run up here is quite possible, and probable. A run back up to about $29 in that previous significant range would make a lot of sense. But it's in a longer term downtrend and I suspect a lot further down to go (although I haven't done enough work recently on it).

So I think we're really talking about a counter-trend back up, which could be short-lived or could go on for a significant move, but should eventually fail and resume down. Just a bit too risky for me to trade here either direction but certainly interesting to watch. If it does respect that previous range between about $24 and $29 then it might become a good short opportunity at the top of that range in a few months time.