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whcoach
Dec 30, 2021 10:31 PM

Bullish set up on WANT Long

Direxion Daily Consumer Discretionary Bull 3X SharesArca

Description

Bullish opportunity on WANT

Sectoral focus gives you a traders edge and with the correct indicator and strategy you can minimize the amount of time in front of a screen and still trade profitably.

Our custom squeeze trigger has printed entry signals on 23, 27, 28 Dec and we have a MA strategy entry printing on the 29 Dec. In our experience a cluster of signals from the 2 separate tools often give us a clue to a high potential move and our wave score often leads us in terms of direction. With the wave score above 50 and 4 buy signals in a cluster we feel a bullish position on WANT over the next 2-3 weeks is warranted.

The option liquidity is challenging here so a long shares trade is the most ideal way to play this.
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