Warner Music Group Corp.
Panjang

$WMG building a second tier base

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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 base now. This is more of a long term hold -- watch the break of $40 to come in time.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.