I increased my WPM position today with funds from a partial sale of MAIFF, in large part due to the fact that the chart keeps getting better, on all time frames.
Daily has broken the pattern neckline, but still has resistance to overcome as it gets a bit overbought.
Barring an in-day disaster it will close the week in trend line breakout mode. True, I am not a big trend line guy, but it sure doesn’t hurt if legions of TAs start noting it.
There is a long way to go in March yet, but if it can close the month in this status we would watch for follow through in April, with the eventual target being well into new highs.
Speaking personally, I increased the position because I wanted a quality vehicle for the freed up funds. With the war and the Fed ongoing, anything can happen. But if you want chart ideas, this is one.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.
