WRD Setup To Challenge June Highs

WRD  (Wildhorse Resource Development Corp) looks to be set up to challenge the June highs or near $28.00. After trending down for four months, WRD has moved up through the downtrend line. In the past 25 days or so the price action has shown good bullishness, and the past week WRD has rested. Yesterday price broke out of a little flag with V-Stop support.

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Price closed below the T-Line and the T-Line Regression lines. The V-Stop is red and above price action. The T-Line has crossed down below the 20-SMA and testing the 34-EMA with yesterdays price closing below the 50-SMA. The weekly charts candle is currently a Doji below the T-Line with a Bearish Doji Continuation Pattern holding support (for now).

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