WBA Sing Trade Underway
WBA seems to have completed the breakout of the Inverse HS bottoming and trend reversal pattern I discussed last week.
If entry point was at close yesterday, gains are 6+%
Take profits as you feel comfortable.
Ultimate target upon completion of pattern yields a price target of approx. 10.50.
If trend reversal is a long term chance of character move, reaching the 200DMA for a gain of 50-85% is not out of the question.
Taking half positions off the table is not a bad idea.
Please watch for details
If entry point was at close yesterday, gains are 6+%
Take profits as you feel comfortable.
Ultimate target upon completion of pattern yields a price target of approx. 10.50.
If trend reversal is a long term chance of character move, reaching the 200DMA for a gain of 50-85% is not out of the question.
Taking half positions off the table is not a bad idea.
Please watch for details
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.