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Overall this past week, Goodwill Oil (GWO) has seen a rise in share price by $17, but is still down $13 since 27 Jan. Initially, the energy company saw its value depreciate by $34 between 2 Feb and 4 Feb, breaking the previous support level at $1300. However, the price soon saw a bearish reversal which saw an increase to $1329. It is therefore reasonable to assume that there is a new, weaker support at $1280 and testing this region could see a continuance in the bearish trend, perhaps as far as $1260 in the coming week. 

Building on from last week, the price has breached the resistance level at $1320, we may see a rise to test a price of $1340. This is dependant upon price stability above $1320 as the price has been rather stagnant at this region for the past few days and we may potentially see a reversal. In the event of a reversal and the price falling below $1320 but not sharply initially, we may see a calmer decline in stock value before any new attempt to test the resistance level. We can see that price movement breached the moving averages on 5 Feb and have remained above them since, though the slowdown in the recent bullish sessions have seen the averages catch up. Traders should be aware that keeping above the EMA and SMA values will signal a trend upwards, whilst breaching and trading below these values will confirm a downward trend.




Limecoin (LC) has seen a overall decrease of $10 this week, reaching a high of $1139 on 4 Feb before reversing to $1087 on 9 Feb. On 6 Feb, the price attempted a new hike but failed to test the week high and therefore, we can confirm $1130 to be a resistance level and add $1140 as a further target if the price can test and breach the former. Somewhat of a head and shoulders pattern has emerged in the stock chart and we have already breached the neckline at $1097, though in recent sessions the price has stabilised. This stability may mean new rises to test both resistance levels or a slower rise of $30 by the end of the week. But equally, this could be a sign of further resistance to the price at $1090 and we could see a sharper decline in share price - as suggested by the head and shoulders pattern - to test a price of $1040. 

Last week, we mentioned how traders may be quick to jump on LC, in hopes of a long-term bullish trend continuing, but how equally they may hold scepticism of LC trading below its moving averages (SMA and EMA), showing the potential for a downward trend. This holds true for the week ahead as LC's rise was supported by these moving averages but then breached them on 7 Feb. Whilst the short-term sees LC as a shaky stock, this week should see a bullish or bearish confirmation that will solidify our outlook for the long-term.




Treeline Lumberworks (TLW) saw a price hike to $1378 on 4 Feb, beating our upper confidence boundary, before experiencing an unexpected reversal to $1315 on 9 Feb. TLW breached the resistance of $1368 set last week but we can see establish new resistances at $1380 and $1360. Due to the unexpected nature of the reversal, it is possible that we can see a reversal to test $1340, a previously established support base and either see a slower overall decline in price throughout the week, or breach this and begin to test $1360. As for the moving averages, they continue to act as a resistance to bullish price movement and currently would support a sharper decline in share price in the coming week - forcing the price to either breach this level or sharply drop, negating the chance of a calmer bearish movement. TLW continues to remain a very unpredictable stock.



The EMIC began the week with a downward trend to $827 before reversing to test $835 once more, the price was met with resistance at this level before falling again to $828. Very slowly, the resistance levels have been falling whilst the support marked at $828 was tested yet again. As a result, we believe breaching $835 will see the price continue to the $840 level, whilst stagnation will see the support level be tested further. If the $828 support is broken, we could see drops to as low as $815 this week and further decline is likely. As with last week, traders may note moving averages to have a resisting effect on an upward price movement, and they appear to be dragging the EMIC lower and lower.

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Published: 10 February, 2019
Submitted by: Pierre El Daher