For those who have been waiting for a favorable entry level, NWWV has cooperated. The stock traded up quite rapidly after the 3 for 1 forward split, and was overdue for a correction.

A weak market environment and profit taking have pushed this one down over the last couple of trading sessions.

The stock has arrived in close proximity to Leonardo Fibonacci’s perfect 61.8% retracement level. I compute that level to be $1.565 as measured from the beginning of the mid February surge. If you have been waiting for a favorable entry level, now would be a good time technically to add to or establish a position.