WWE had somehow lost steam for the past few days. Sellers or short-sellers are abandoning this stock for the moment due to poor company performance. However, the stock should remain strong for the upcoming weeks or even months, judging by the buying momentum after the 1st phase of profit-taking. This stock had literally gone for long periods of accumulation and when the BBs take it to the next level, retail traders or investors are certainly looking to sell even higher, given that price tries to break new highs with failed attempts. Technical recession is lurking, so investors are cautious of its price movement upwards in the long run
Disclaimer: This is not a solicitation or cue to trade. The aforesaid is only for educational or illustration purposes. Every securities or trade in the financial markets carry a substantial amount of risk. One should exercise due caution in any form of trading decision, especially in this volatile market. Kindly refrain from trading or any form of financial transaction in the market if one isn't comfortable with losing any amount of money one can't bear to part.
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