WMG - Up against multi year trendline
Updated
- Accumulation above 60 VMA +++
- Backtest of the trendline support ++
- Holding on the volume shelf +
- ER on Nov 16 might break this one or the other. Good R/R here with small stop loss.
- ERs have been very volatile with huge swings. I prefer this to breakout and base for next leg up.
* No position yet.
Trade active
Working as expected. Still needs to close above 34 to trigger the long. I entered a position at 32.40 with the close below 32 as the stop.Trade active
I got stopped out after last ER, but got in again at 33. Now flagging on daily. Could test 37 soon. Stop loss 33.8 now.
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