World Wrestling Entertainment stock (NYSE:WWE) is bullish… And the bullishness is expected to become stronger and stronger as time goes on. Currently there is a perceived bullish effort, and further growth is expected.
4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The
color that stands for each EMA is shown at the top left part of the chart. Each
EMA is essentially going upwards, supporting the current bullish propensity.
The current bullish bias cannot be violated as long as price remains above the EMA 200. Now, there is an ongoing attempt to breach the EMAs 10 and 20 to the upside, which would be ultimately successful.
WWE is expected to go further upwards this year, reaching the supply zones at 65.00, 70.00 and 75.00 within the next several months.
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