In this daily bar chart of WPM, below, we can see that prices made a strong rally from the middle of March to early August. WPM has been correcting slowly lower until a low in late November. Prices have traded sideways since late November.
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The big question now is whether the selling over the new variant was severe enough to produce some bounce action next week?
My view is to eat some leftovers, let the rest of the day play out, and come in fresh on Monday.
Because things are changing in the world, make sure your portfolio is protected with real returns.
When traders start to look harder for those names that are being sold without justification, that's the time to be more aggressive.