Since getting decimated in the spring, WWE has been setting up for quick scalps on the long side quite well for beaten-down conditions.
Recall that this is a heavily-shorted stock with a fairly low float and thus ripe for sharp upside squeezes.
On the updated daily chart, a move up through $14 then $14.21 should trigger another round of squeezing.
Overall, WWE still has a ton of work to do to heal the wounds sustained this year. So consider it a very short-term trading vehicle until further notice.
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Chess, can you update me on the drillers?
Which ones? SLB? Looks like it is trying to break a falling channel higher.
nice one
Thanks, bood