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
Penafian
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