WULF - the consolidation continues
WULF is stuck in a tightening range pattern with limited edge om either side. A directional trader would do well to stay away from the stock but range-traders and can very well find opportunity at this level, just before earnings. A short range and pivot has been formed over the last three days, which favours a short move to the upside.
Note
The positive push, as anticipated, occurred. The range is still tightening, even more, on WULF and this is only positive. I expect to take a long position quite soon, but post earnings when near time risk has been reduced.
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