WWE is still showing signs of falling. Beyond the chart being a mess, the company is facing strong competition. The saudi deal appears to be out the door and several top talents are looking to exit the company. Ratings have consistently dropped week over week. Earnings were abysmal and the company has very little free cash flow to work with. I can see a lot of top talent fleeing for AEW as WWE appears to be overlevereged.
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If price breaks below 5.30 before todays close, prices are likely to collapse further.
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Here it goes.