Good Risk Reward Long Entry for WB Here (Weekly)
Updated
I believe that within 3 months, WB has a better chance to continue the uptrend than to have a complete reversal.
I believe the 98-105 support level will hold, and thus have initiated a long position at 103.5 with a stop loss at 95.
My target profit area is the 130-140 zone.
The risk is 8.5 dollars down for a reward of about 35, which is a 4 to 1 risk to reward ratio.
I believe the 98-105 support level will hold, and thus have initiated a long position at 103.5 with a stop loss at 95.
My target profit area is the 130-140 zone.
The risk is 8.5 dollars down for a reward of about 35, which is a 4 to 1 risk to reward ratio.
Note
Note that the volatility is really high, so you may want to have an even safer stop loss (below 95).
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.