WMG net positive volume has increased quite significantly this past few days conveying that long term price shift is about to happen. On the daily data, WMG is sitting at a very discounted price of 1.0 FIB LEVEL -- the most bargain level you could get. Best price to seed at this range. Higher lows on both price and histogram has materialized signifying the...
Accumulation above 60 VMA +++ Backtest of the trendline support ++ Holding on the volume shelf + ER on Nov 16 might break this one or the other. Good R/R here with small stop loss. ERs have been very volatile with huge swings. I prefer this to breakout and base for next leg up. No position yet.
WMG - Some controversy stirring the pot with one of WMG's biggest artists Ed Sheeran, according to the latest news Sheeran was found not guilty nor liable in the copyright lawsuit against him and eventually affecting the company-owned labels Asylum, Atlantic, Elektra. Potential recovery from that development combined with good earnings in the upcoming week could...
Hello! Friends, -This would be a great Buy Opportunity, IF NASDAQ:WMG breaks up the Daily Resistance line at $30.36 ( with a WHOLE DAILY Candle ) !!
maybe a pullback to around 36? MACD crossing up on weekly
Lately I've transitioned into focusing more on longer term swing trades. It helps with drowning out the noise and zooming out to the bigger picture. After all, money is made in sitting and waiting. This is the weekly chart of $WMG. It's a clear illustration of accumulation of the stock, before an emphatic break above its IPO high of $35ish. It's building another...