Just trying thinks out.
This trend analysis is about Iron Mountain Incorporated ( IRM ) which is a high dividend stock (currently 7.6% p.a.).
Iron Mountain has built a which holds since 1997 and is being tested right now at around $30 ( 0.66 Fib @ $29.73).
Momentum indicators tell me it is still too early to buy now, because no momentum on 1W and 1M TF.
It could easily happen that we see a short wick down to the .786 Fib retracement ($27.48) then we may see a exhaustion of momentum.
At this point I´ll update my analysis as this could be a good long opportunity.
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