zachyam

$WMG building a second tier base

Long
NASDAQ:WMG   Warner Music Group Corp
Lately I've transitioned into focusing more on longer term swing trades. It helps with drowning out the noise and zooming out to the bigger picture. After all, money is made in sitting and waiting.

This is the weekly chart of $WMG. It's a clear illustration of accumulation of the stock, before an emphatic break above its IPO high of $35ish. It's building another base now. This is more of a long term hold -- watch the break of $40 to come in time.
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