Long
TWC channeling sideways
Strong move up a few weeks ago.
Retracted and consolidating sideways for the last ~25 days between 175 and 180. A 2.75% range.
Expect a breakout on the long side in the future.
XLY channeling upwards, and currently at top of the channel. Expect the sector to have resistance in the short term.
Plan to enter a long position in TWC when it returns to 175. I think it has limited downside at that level.
If there is positive action before returning to 175, may try to get in on the break out above 180.
Retracted and consolidating sideways for the last ~25 days between 175 and 180. A 2.75% range.
Expect a breakout on the long side in the future.
XLY channeling upwards, and currently at top of the channel. Expect the sector to have resistance in the short term.
Plan to enter a long position in TWC when it returns to 175. I think it has limited downside at that level.
If there is positive action before returning to 175, may try to get in on the break out above 180.
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.
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.