WE Holdings (technical)

WE Holdings: Counter still within its downtrend with a near-term support of $0.033, followed by $0.031. In the near term, momentum on the downward trend looks to be increasing with a rising ADX currently at 25.5. However, counter may be see a technical rebound, supported by both the RSI and Stochastics currently at the oversold region. Meanwhile, resistance levels are at $0.042 followed by $0.045.