WLT: Rangebound Likely
August 5, 2008 10:13 PM
WLT made an important low today. It is likely to trade within $81.72 and $111.99 until one of them clears here. I strongly warned to avoid being long before as the move was not supported and it got crushed, to say the least. Anyhow, it should be rangebound here for a while, if you can consider $30 a range.
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