WSC: $41 million block trade protects the year-to-date lowsOne of the largest block trades of all time (a top-15 trade) for WSC as it bottoms out -$7 from its Q223 earnings gap.
Is this a trader 🤮 their long or is this the bottom and we're heading higher?
Hard to be short down here, especially given how this trade protected the yearly lows.
We're looking skyward for $NASDAQ:WSC.
WSC trade ideas
WSC - WillScot Mobile Mini HoldingsSimple base breakout accompanied by a surge in volume, albeit not a massive surge. Would like to see continued volume surges to get a cushion to allow for a hold thru earnings on 2/21.
Great growth numbers, earnings & sales accelerating at a strong pace on a YoY & QoQ basis.
Can $WSC make new ATHs?Notes:
* Strong up trend on all time frames
* Beating its revenue expectations consistently
* Breaking out of a ~11 week base
* Pulled back to its 50 day line and has been moving higher since
* Offering a low risk entry
* Creating a base on base pattern and pulled back to the highs of the previous base
* Showing recent accumulation
* It's creating a cup like pattern and may pull back after reaching the $49 area to create the handle.
Technicals:
* Sector: Industrials - Rental & Leasing Services
* Relative Strength vs. Sector: 1.27
* Relative Strength vs. SP500: 1.68
* U/D Ratio(50): 0.61
* U/D Ratio(15): 1.1
* Base Depth: 12.15%
* Distance from breakout buy point: -2.35%
* Volume -12.69% below its 15 day avg.
Trade Idea:
* You can enter now as it's still moving higher, close to its 50 day line and offering a low risk entry around a support level.
* If you're looking for a better entry you may find one around the 47.6 area or the 46.9 area.
WSC - Elliottwave analysis - 3rd of C wave up WSC - It is in zigzag ABC wave up side, where 4th subwave of 3rd of C wave is in progress and correct more. It is good buy in small pull back near 20 level for the target of new high as 5th subwave of 3rd wave above 21.50 or higher.
Give thumbs up if you really like the trade idea
WILLSCOT MOBILE MINI HLDGS View DailyHey my friends, WILLSCOT MOBILE MINI HLDGS is in a bullish movement with low buying volume, refusal of buyers on the line which tells the story of WILLSCOT MOBILE MINI HLDGS CORP. It is likely that we can move towards finding its precedent higher and if the buyers coordinate well we can climb to their next objective in the next session.
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