WTO Putting in Bullish SupportWTO is putting in a nice Deviation from the previous range. I'm expecting a retest of the bottom of the range. Stay tuned!
WTO trade ideas
+++ Utime +++Opinion: A Sharp Rise in This Stock May Be Coming Soon
In my opinion, we are likely to see a significant upward movement in this stock in the near future, following what I believe to be an unjustified drop in its price. As most people know, the reason for the recent decline was the issuance of 9 billion shares at a price of $0.001 per share, aimed at raising $10 million in liquidity for the company. Along with this announcement came a reverse stock split, with 25 shares consolidated into one.
However, before the announcement, the company's market value was $900 million, and now it has dropped to below $14 million ! It is worth noting that the newly issued shares have not yet been introduced to the market. These shares could be used for acquisitions or paying bonuses, which is somewhat positive for the stock.
In light of this, I believe the famous saying "buy when others are fearful" applies perfectly to this situation. There is no fundamental issue with the company’s structure, and I think we could see a sharp rebound, just as we saw a steep decline. This is my perspective on the matter.
This presents your view in a clear and informative manner for readers.
