re: looking awfully bearish , chart? An interesting exersize this one
The daily chart with the shows WMR breaking the bottom of the uptrend line ,
Also not making any new highs and shows almost a 100 % Fib retracement happening again
Stoch is showing a buy signal but only because it has dropped to the bottom of the range .
A better indicator to look at for long term direction is the MACD ,it has been bearish for some time now.
based on t/a and it can all change in a day or two .
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re: looking awfully bearish , chart? An interesting exersize...
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