The churn over the last 2+ weeks has been frustrating. On numerous occasions, price gaps up on the open then drifts lower over the next few days to fill the gap. Last Wednesday, price broke below the important $38.30 level, then reversed hard midday. Gapped up again the next day, as has since drifted lower again to fill the gap. Today's close puts in a potential higher low to that false breakdown. Next move should trend IMO. If that low of $38.11 breaks, the 200d ema around $37.40 comes into play. Otherwise, price needs to get above $39.50 first, then $40.66, then the longer- term target of $45.64. If markets dump from here, will all sectors get sold off, or will there be a rotation into defensives?
WOW Price at posting:
$38.62 Sentiment: Buy Disclosure: Held
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