WLD is currently trading at $2.30, rebounding from support at $2.08 and testing the recent high resistance at $2.30. The upward momentum is building, with the price breaking above the $2.30 level.
The next resistance levels are $2.45 and $2.65, with $2.45 being a critical short-term target. A breakout above $2.45 would confirm the bullish trend, potentially targeting $2.65.
The support at $2.08 has held, indicating a strong foundation for the current uptrend. As long as WLD remains above $2.08, the bias remains bullish.
Considering the current momentum, scaling in long positions above $2.32 or on a pullback to $2.25 could be strategic. A stop-loss below $2.08 would protect against potential reversals.
Market sentiment is shifting in favor of the bulls, and WLD's technicals suggest further upside. Monitor the $2.45 and $2.65 resistance levels for potential price accelerations.
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