WMD Near Bottom of Bull Flag TR
WMD sold off in two legs sideways to down from a buy climax. It is currently testing the low of the second leg down and bull 1.2 breakout gap near the bottom of the bull flag trading range. Bulls will probably soon look to buy, and want to keep the 1.2 gap open. The bears want a strong breakout below and a test of the .80 bull gap. Most likely, prices will remain confusing with heavy two sided trading and institutions will look to buy low and sell high.
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