WSM Williams-Sonoma - Death cross on the daily chart earlier this month. After a post-Xmas bounce price has been rejected at down trend line resistance. Expecting continued declines into Q1 2019. See chart for two possible medium term targets.Adding to the bearish outlook, we saw some unusual options activity late last week with 16k Jan'19 47.50 strike (OTM) put options traded against OI of only 234 for a total premium of $2.5M
Note: Informational analysis, not investment advice.
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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.