WATCH $WM DON'T LET IT GO TO WASTE

2022年7月5日

Bearish/Bullish



Fundamental

- High inflationary Macro environment / still no fear sentiment
- Funds Distribution
- Normal PE
- Negative PEG
- Decent P/FCF
- High debt
- Niche Sector / Industry / Leader

Technical


- - Momentum Theory Indicator - bearish divergence
- Price action formation ( double tops )
- Broke down Trend line and did a retest / seems rejected
- Rejected with POC
- Rejected with 0.5 fibo level
- Below 200MA
- Good ST level



Entry idea

Attractive R:R
- For members

Stop loss depending on entry and risk appetite. But always set meaningful stops.

"Don't be afraid of being different. Be afraid of being the same as everyone else"

Cheers and happy trading!