WCC has been in a good downtrend for a while and that's why it caught my eye a few weeks ago.
Price has recently retested half figure 50$ and continues the downtrend. If we see a break and close below previous low, we should expect the downtrend to continue towards next support levels. The first one comes around 30$, which is 2011 low. Plenty of space for the trend to develop.
The only thing that worries me is volume which is rather thin.
Price has recently retested half figure 50$ and continues the downtrend. If we see a break and close below previous low, we should expect the downtrend to continue towards next support levels. The first one comes around 30$, which is 2011 low. Plenty of space for the trend to develop.
The only thing that worries me is volume which is rather thin.