CDW has arrived at a strong support level, aligning with a historical bullish trendline, making this a key area to watch. The all-time high (ATH) is not far off, offering a great upside potential if the stock rebounds from here.A doji candle has now formed at support, signaling indecision and a possible reversal. With a 1:27 risk-to-reward ratio until ATH, this setup presents an attractive buying opportunity if momentum picks up.
Watching for confirmation of a bounce! 📈🚀
https://www.tradingview.com/x/6NpzGhPK/
Trade closed: stop reached
The stop loss was triggered. I’m still following the stock.
Based on these ideas I trade personally. 📊 +6% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Based on these ideas I trade personally. 📊 +6% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.