Mmhh Williams and SonomaBreak Down during after hours. Is that the pull back? Still holding on top of the BB.
WSM trade ideas
Long WSM WSM just had earnings
Open position at $57.50
Stop loss at $55.30
Take profit at $61.24
Why this play?
Williams-Sonoma also raising its already nice dividend by 11.6%. Doing another $500 million share buyback
$WSM Death Cross - Bearish Options Activity$WSM Williams-Sonoma - Death cross on the daily chart earlier this month. After a post-Xmas bounce price has been rejected at down trend line resistance. Expecting continued declines into Q1 2019. See chart for two possible medium term targets.
Adding to the bearish outlook, we saw some unusual options activity late last week with 16k Jan'19 47.50 strike (OTM) put options traded against OI of only 234 for a total premium of $2.5M
Note: Informational analysis, not investment advice.
WSM Takes It On The Chin As AMZN Reveals New Furniture LineThe furniture retailers made a sharp Fast Ball XRV move lower Tuesday. We will look for a short-side extension in WSM on sector weakness on Wednesday.
NYSE:WSM
WSM SORT opportunityAn intraday (daily time frame) BackTested Analysis.
Price is likely to move sort, into the trending channel.
It would be a good opportunity to enter in the market if price moves between 52.46 to 53.11 during first moments after the opening bell.
1) Three tops of ROC Oscillator diverge pointing sort movement.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
WSM on the weeklyRemember #DIS when it fell all the way from 116 to 89 last year. This is doing a sorta similar behavior. Chart above showing the various resistance lines. Being a slow mover, don't expect surges (unless something significant happens).
WSM - WILLIAMS SONOMA: EXPECTING A BREAKOUT TO THE DOWNSIDEWSM is in a corrective phase. If the upper channel holds i'm expecting a breakout to the downside. Possible target on chart.
Long on WSMWe have a downswing in an uptrend. Our fast rsi went to the oversold area.
My stop is 5% below our entry point and the target is the high of the last five days.
WSMSmall trading volumes mean correction. Correction means a short term position. In this case, I hope that maribuzo will hold the chart and that the nearest resistance is far enough.
