You have a number of developments working in Wabash National’s favor (WNC).

First you have the down channel broken, followed by a confirmed inverse head and shoulders pattern in the short-term.

But the longer-term looks bearish

However, I really do not like the longer-term double top as weel as the run-in that price is currently experiencing with resistance. Those two longer-term developments, scares me away from playing WNC as a long and would instead look for more of an opportunity to get short on this play at some point in the future. 

Here’s the WNC Setup.

 Wabash National WNC

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