octradr

MW fighting to hold highs!!!

Short
BATS:MW   None
0
LOOK AT THE WEEKLY CHART AND YOU WILL SEE THE CYCLE! It has historically taken between 3-4 months to make the move all the way down but you would be looking at gains over 20% The MACD has been a great indicator of this cycle and the fact that it has been under the 50 day EMA so often lately shows that it is losing its steam. A great entry would be if it rebounds closer to 38.50, but you have 3 months to figure it out. HAPPY TRADING!!!
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