WMG - Up against multi year trendline

CheelooTrader Updated   
BATS:WMG   Warner Music Group Corp.
  • 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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