WB, Inside day after new high and fig breakout combination.WB is definitely one of the most explosive stock this 2 years, rallied from 9.00 to more than 100.00 , and there are still people like me willing to chase it lol.
For stocks like WB, fundamental analysis is not really very helpful as the stock price contains too many expectation and the P/E ratio is just crazy.
While it doesn't mean chasing the price above 100.00 is foolish at all, as people may have the same discussion when it reached 50.00,60.00,70.00,80.00 ..........
, and all the people who were brave enough to long then were still able to make lots of money.
So everything is about trend and trading set-up, I always like to long the inside day after new high as no one knows how far can stocks go.
WB has an inside day after new high with a high @ 107.00, it created a little more power when the inside day high is right at the figure.
I'm willing to take the trade as it provides great risk-reward ratio with little risk.
*For educational use only
