New Setup: WWWWWW: I have a green setup signal(dot Indictor). It has an excellent risk-to-reward ratio(RR:). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP1-50%,move SL to breakeven)(TP2-50%).
********
Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level.
WW4 trade ideas
WWW Wolverine World Wide Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WWW Wolverine World Wide prior to the earnings report this week,
I would consider purchasing the 12.50usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $1.02.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
WWW - Price breakout out of consolidationWWW showing bullish signs for a long position as price has broken out and held so far above $34, with a gap fill above looming. Newly over the 50 and 200 Day moving averages, a tight stop on this trade presents a great opportunity for high reward to risk ratio.
I can see both a cup and handle breakout, as well as an inverted head and shoulders pattern breakout. In my opinion, the more these align, the stronger the setup.
Longi like wolverine here and this is why:
The stock had a nice uptrend since the last earnings and then start to relax a little bit and did a correction. The upmove was very strong and had a lot of volume. After that, the stock slow down for a time with low volume ( People are taking profit and not a lot of people are buying) and then today , the stock did a nice gain with high volume. The stock continued his previous uptrend. So we see a nice upmove on the upside from earnings, then the stock slow down, took a break and then today we see a continuation from the previous trend with good volume. Since the stock has already 4 days in a row on the upside, i will wait for the correction to buy it around the support line.