Top KingWin Ltd (NASDAQ: WAI) blasted higher today, closing up +53.85% at $3.00. After months of steady decline and sideways trading, WAI has come alive on significant volume.
Key Technical Highlights:
Powerful Spike: WAI surged from a low of $1.87 to hit $3.00, marking a dramatic turnaround.
Volume Surge: Trading volume has increased sharply over the last few sessions, confirming real momentum behind the move.
Breakout Above Average: Price has pushed decisively above the short-term moving average for the first time in months.
Resistance Levels: Watch for resistance near $3.30–$3.50, as the stock approaches prior price congestion.
Support Zones: Initial support sits around $2.30–$2.50, with firmer support lower near $1.38.
Rising Volatility: ATR is climbing, signaling increased daily price swings.
The Bottom Line:
Top KingWin’s surge suggests a possible trend reversal after a long downtrend. Sustaining momentum above $3.00 could attract more traders, but caution is warranted as profit-taking may quickly set in after such a big move.
Disclosure: This is not financial advice. Always do your own research.