WM - Broken Failing Trend Channel
- WM has broken the falling trend channel in the medium long term and reacted strongly up.
- The price has broken the resistance at 164 of a rectangle pattern, which signals a further rise.
- The stock has support at 155 and resistance at 170.
- The short term momentum of the stock is strongly positive, with RSI above 70.
- However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
- The price has broken the resistance at 164 of a rectangle pattern, which signals a further rise.
- The stock has support at 155 and resistance at 170.
- The short term momentum of the stock is strongly positive, with RSI above 70.
- However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
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For more info:
Threads: threads.net/@wavepoint99
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For more info:
Threads: threads.net/@wavepoint99
Telegram: t.me/Wel_99
TradingView: bit.ly/43y7zC6
Twitter: twitter.com/wavepoint99
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