Where is the money flowing? Here are the clues:
$WLD has fallen for 5 consecutive trading days, down a cumulative 8%.
In terms of chip distribution, most people who bought in over the past few days are sitting on losses. If the price rebounds to around their breakeven levels, selling pressure from those looking to get out at break-even may emerge. The key is whether there are large buy orders supporting the price at lower levels—if support is weak, the gradual decline may continue.
Up +0.08% so far today. Are you buying in or staying on the sidelines?
NFA, DYOR.
$WLD has fallen for 5 consecutive trading days, down a cumulative 8%.
In terms of chip distribution, most people who bought in over the past few days are sitting on losses. If the price rebounds to around their breakeven levels, selling pressure from those looking to get out at break-even may emerge. The key is whether there are large buy orders supporting the price at lower levels—if support is weak, the gradual decline may continue.
Up +0.08% so far today. Are you buying in or staying on the sidelines?
NFA, DYOR.
