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Overall this past week, Goodwill Oil (GWO) has seen a drop in share value by $30. Initially, the energy company saw its value depreciate by $41 between 27 Jan and 1 Feb, but saw a correction to the $1312 level on 2 Feb closing. It is therefore reasonable to assume there is a support base at $1300 and testing this region could see a continuance in the bearish trend. If the price stabilises above $1300, we may see a rise to test a price of $1320, though a bearish reversal may not be immediate. We can see that resistance to price rises follows the moving averages, so traders should be aware that the price moving above EMA and SMA values will signify a trend upwards, whilst continuing to trade below these values will strengthen the downward trend. 




Limecoin (LC) has seen an increase of $30 this week, reaching a high of $1133 on 1 Feb before correcting to $1097 on 2 Feb. Therefore, we can assume $1133 to be a level of resistance which will need to be tested further in order to see a continuance in the current bullish trend. We are expecting the price to continue rising in general, though this is pending on the price stabilising near the $1090 level. Traders may be quick to jump on LC, in hopes of this bullish trend continuing, but equally traders may be sceptical of LC trading below its moving averages (SMA and EMA), showing the potential for a downward trend.




Treeline Lumberworks (TLW) had an interesting week, seeing a high of $1368 on 30 Jan before reversing and falling to a low of $1342 on Feb 1 and then correcting to $1354 on 2 Feb - $2 lower than closing on 27 Jan. Therefore, we can establish a clear resistance level at $1368 and a support level at $1342. If we see the share price stabilise above $1354, we could see an upward trend to testing the resistance and a likely small correction before continuing the bullish trend. On the other hand, if the price reverses and we continue to see values below this level, we could see a downward trend to testing the support level and potentially breaking it. However, moving averages may prove to be an additional resistance to price movement in the up direction, and we could see the price continue to trend downwards albeit in a slower, more tamed manner than what we've seen previously.



The EMIC began the week with a downward trend to a low of $828 before reversing to reach a high of $842, testing heavy resistance at this level before falling to $832 then correcting back to $837 - a $1 difference from 27 Jan. With a clearly marked resistance level at around $842, a significant momentum will be needed to breach this level and confirm and establish an upward trend, whilst falling below $832 will see further drops. Additionally, traders may note moving averages to have a resisting effect on an upward price movement, though keeping above $835 may see a gradual upward trend for the EMIC.

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Published: 3 February, 2019
Submitted by: Pierre El Daher

Very good! -President Ford.

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crapitalism communism