$W - RC - WATCHLIST -
Added 2024-02-24 11:04:44 +0000 UTCWe have been following this for the last year and there are signs now that $W may be getting ready to break out of this consolidation range between the two blue lines.
Notably the two higher lows on the 0.78 Fib in November and the 0.618 Fib from the start of 2024 are showing signs that bulls have been buying on the ideal support lines.
The price is still below the 50 and 200 Day MA's now but with a double beat from their earnings out of the way now, this may start moving higher next.
A flip of the 200 Day MA to support at $57 is the next big test.
Any rejection and you can expect the consolidation to continue within the blue line range.
