$WM - RC -
Added 2024-04-20 19:47:55 +0000 UTC$WM has had an excellent couple of years, moving from its Covid Low at $85 to $214 in March '24.
However, it also looks like it is moving with the market now.
Gates and many large fund managers are big fans of this stock and I can see why, its consistent and moves strong.
But I believe it will move with the market still.
It is testing its 50 Day MA now too and if it loses this suddenly, it could drop hard like we saw with $NVDA.
Wave 5 was parabolic and when a stock moves fast like this, it is not a surprises to see a large drop next.
There is also a very large gap between the 50 and 200 Day MA now too because of this fast run.
So lets wait for the ABC correction to complete now before considering this an add.
Comments
Been wanting to have WM in my portfolio and never got a chance. Looking forward to its correction so I can finally hold this excellent stock β€οΈππ» Thanks Captain!
Millie Leung
2024-04-22 02:02:56 +0000 UTC
