Linda Raschke: W extends to day 10 in ongoing upward trend

Linda Raschke: W extends to day 10 in ongoing upward trend
W rises for 10th day in a row

Linda Raschke, founder at LBR Asset Management, observes that W had a buy opportunity or an add-on point yesterday morning and remained in a continued upward movement.

According to Raschke, despite appearing to dip below a short-term moving average, the stock did not close beneath it, marking the 10th consecutive day of its extended rise.

Raschke recently highlighted buy signals in Russian stocks and maintained a bullish outlook on gold, while noting a persistent downtrend in crude oil prices in a previous market update. She also addressed copper's resistance to downward pressure despite sell divergence signals, focusing on Wyckoff Effort versus Result dynamics in her analysis of the copper market. These comments reflect her ongoing tracking of technical signals across multiple asset classes.

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