WNC – Trapped Longs

"Danno" Sheehy

We think the market has over done it in regard to its bullishness of Wabash National Corp. (WNC). Please observe the chart below. Price action within the ascending wedge outlined in blue reflects waning bullish momentum. There is no doubt that a breakdown from the wedge will cause disappointed longs to run for the exits. […]

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"Danno" Sheehy

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