$WAL – Daily Chart Review (Paraphrased)
WAL is showing a clear reversal off its recent base, with a sequence of higher lows starting to develop. Price has pushed back above both short- and mid-term moving averages, pointing to a potential trend change.
The strong upper wick reflects aggressive buying interest and an expansion in volatility. The current dip appears to be healthy consolidation above support rather than a sign of weakness.
Volume surged on the breakout move and has eased during the pullback, which supports a constructive setup. As long as price remains above the breakout area, the bullish structure stays intact.
Momentum currently leans toward continuation rather than a deeper retrace. This looks like an early-stage trend with elevated volatility, so the structure is promising — but patience is key.
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