Bullish potential detected for WOWEntry conditions:
(i) higher share price for ASX:WOW along with swing up of indicators such as DMI/RSI.
Stop loss for the trade (once activated) would be:
(i) below the support level from the open of 11th November (i.e.: below $29.85), or
(ii) below the support level from the low of 14th November (i.e.: below $29.20), depending on risk tolerance.
WOW
"WOW Stock Presents Knife Catch Opportunity"Unveiling WOW Stock: Potential Double Bottom Signals Opportunity Amidst Knife Catch
WOW stock, an intriguing asset in the investment landscape, is garnering attention for its potential double bottom formation, offering investors a sharp knife catch opportunity. With the next test for breakout set at $5, a successful breach of this level could trigger a massive run-up in price. However, should $5 act as resistance, investors may anticipate a 30% return to secure profits and reload at lower levels.
Understanding WOW Stock
WOW stock represents an investment in WideOpenWest, a leading provider of high-speed internet, cable television, and telephone services across various regions in the United States. As a player in the telecommunications sector, WOW has established a foothold in the market by delivering reliable and high-quality services to residential and business customers alike.
The Double Bottom Formation
A double bottom pattern is a bullish technical chart pattern that typically forms after a downtrend and signals a potential reversal in the price trajectory. In the case of WOW stock, the emergence of a potential double bottom suggests that the downtrend may be losing steam, paving the way for a potential bullish breakout.
Knife Catch Opportunity
For investors seeking to capitalize on the potential reversal in WOW stock, the double bottom formation presents a knife catch opportunity. A knife catch refers to the act of buying a stock at or near its perceived bottom, with the anticipation of a turnaround in price. By identifying the potential double bottom formation and strategically entering the market, investors may position themselves for significant gains if the breakout occurs.
Breakout Test at $5
The next critical test for WOW stock lies at the $5 price level. A successful breakout above $5 would validate the double bottom pattern and signal a bullish continuation, potentially triggering a substantial run-up in price. This breakout level serves as a key psychological and technical barrier, attracting buying interest and fueling momentum in the stock.
Potential Return and Risk Management
In the event that WOW stock breaks above $5, investors may consider riding the momentum for potential gains. However, should $5 act as resistance, investors may opt to secure profits and reload at lower levels, anticipating a potential retracement of up to 30% before initiating new positions. Effective risk management strategies are essential to navigate the volatility associated with such trading opportunities.
Conclusion: Opportunity Amidst Uncertainty
In conclusion, WOW stock presents an intriguing opportunity for investors as it forms a potential double bottom pattern amidst market uncertainty. With the next breakout test set at $5, investors have the opportunity to capitalize on a potential sharp knife catch and position themselves for significant gains in the event of a successful breakout. However, prudent risk management is crucial to mitigate potential losses and navigate the inherent volatility of such trading opportunities.
FIL/USDT breathtaking momentsHi guys
Whats your idea about Filecoin? the web 3 based cryptocurrency.
As you see in this chart, the WOW Trade Strategy is evident.
But how the wow trade strategy works?
we have a weekly or higher timeframe trendline (HTF TL).
we reached the weekly demand in control zone.
the price has bounced from the demand zone and also breaks the daily resistance powerfully.
Also we have a break out of the HTF TL and successfully a pull back to that line.
Finally prepare for the jump
Sincerely
Hosein Poursaei
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Entry: 1.77519
Stop: 30 pips
Take Profit: On the chart, you will see points 1, 2, and, 3. These are your exit points.
ALPHABET BEST STOCKAlphabet is by far one of the best stocks to hold because it has all the ingredient to keep growing. It has a lot of business that are under the radar and that could be a spin-off in the future, meaning they will create huge amount of wealth to their shareholder.
Think of things like Waymo. If it had to receive a spin-off it will be valued maybe like half of the current stock value.
Incredible bargain opportunity, but first wait for the retracement to end
𝘼𝙘𝙩𝙞𝙫𝙞𝙨𝙞𝙤𝙣 𝘽𝙡𝙞𝙯𝙯𝙖𝙧𝙙 𝙬𝙝𝙚𝙣 𝙩𝙤 𝙗𝙪𝙮?I am an old World Of Warcraft player (ravencrest:). Blizzard makes up about 30% of income $ATVI (Activision Blizzard, Inc.) .
I know a lot about their products: WoW, Warzone, etc. And today I will talk about ATVI not only from the side of chart analysis.
𝙎𝙤𝙢𝙚 𝙞𝙙𝙚𝙖𝙨:
📉 Shadowlands was good on start - against the background of the past sh#t BFA. It was a breath of clean air. But it's still sh#t expansion without new and exciting content.
- I see here a good correlation with expansion success like "Legion" and the price of a company.
📉 Warzone was good on start :) Nowadays it's not in the top 5 twitch. Pubg and Fortnite are more popular. Also, we have Valorant and APEX.
📉 Negative news background: courts, complaints, layoffs.
📉 On M chart we are under 50 MA.
📉 Still far from 200 MA
𝙎𝙤... 𝙬𝙝𝙖𝙩 𝙄 𝙚𝙭𝙥𝙚𝙘𝙩 𝙛𝙧𝙤𝙢 𝘼𝙏𝙑𝙄 𝙖𝙣𝙙 𝙬𝙝𝙚𝙧𝙚 𝙄 𝙨𝙚𝙚 𝙨𝙤𝙢𝙚 𝙥𝙡𝙖𝙘𝙚𝙨 𝙩𝙤 𝙗𝙪𝙮.
✅ We have a support line on 57.54$. Here you can invest a very small amount. It's risky.
✅ Next one is price ZONE 42$-50$. It's a good spot to invest. With normal SL and risk ratio.
✅ the Last one is 200MA line.
I can't guarantee that we continue to fall into this buy zone.
But, I think it's the best risk/profit deal here.
P.s. Have interesting companies from $SPY or $NSDQ100 ? Leave it in the comments, I'll do a post like this about your company.
P.s.2 Follow me for more :)
Good luck,
V.
WNW from $160 to $2.09Wunong Net Technology Company Limited Changed its name to Meiwu Technology Company Limited
Xinliang Zhang, CEO of the Company: “The Company’s new name better reflects the Company’s international business line beyond its Wunong Net business as a global high-tech internet trading platform with a global commodity chain and the comprehensive services such as online consultation, display, sales and after-sales services. We are excited about our development in this new chapter.”
This is a speculative buy.