Westwater Resources Shares Plunge Amid Technical Breakdown

Westwater Resources stock continues its precipitous decline, with Monday’s trading session bringing another sharp downturn of nearly 8 percent. The sustained selling pressure has now erased more than 60 percent of the company’s market value since mid-October, creating one of the most dramatic slides in the graphite sector.

Market technicians point to overwhelmingly bearish chart patterns for the graphite developer. Both short-term and long-term moving averages are generating consistent sell recommendations. From its peak on October 14, the equity has collapsed by exactly 63.51 percent in under three weeks—a remarkably steep descent that shows no signs of abating.

Critical resistance levels have established themselves at $1.42 and $1.45, creating substantial barriers Read more...