China WiMax (CHWM) Technical Stock Chart Video

CHWM has risen by 20 percent with strong volume in the last two days, trading 3.7 million shares yesterday. The chart now faces resistance at $0.006 (yesterday’s closing price). The next level of resistance is not until $0.008 and support stands at $0.005. A classic bottom play with MACD/PPS positive divergence, technical traders will be watching for volume to remain strong to show that CHWM may have found a true bottom.

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