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WMG - Up against multi year trendline
Warner Music Group Corp.
Long
WMG - Up against multi year trendline
By CheelooTrader
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Updated
Dec 7, 2023
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Nov 7, 2023
Accumulation above 60 VMA +++
Backtest of the trendline support ++
Holding on the volume shelf +
ER on Nov 16 might break this one or the other. Good R/R here with small stop loss.
ERs have been very volatile with huge swings. I prefer this to breakout and base for next leg up.
* No position yet.
Nov 12, 2023
Trade active
Working as expected. Still needs to close above 34 to trigger the long. I entered a position at 32.40 with the close below 32 as the stop.
Dec 7, 2023
Trade active
I got stopped out after last ER, but got in again at 33. Now flagging on daily. Could test 37 soon. Stop loss 33.8 now.
Chart Patterns
Technical Indicators
music
Trend Analysis
WARNER
WMG
CheelooTrader
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