WOSG Long
Already in this trade but there may be a slim chance of re-entry on a pull back as close as possible to entry price. Otherwise SL is pretty wide and not ideal.
Could ladder in with some DCA orders to entry, but you may not get it.
Price back at historic levels with double bottom type structure.
Spring back test of 340 price level on daily.
Bullish divergence on weekly MACD and RSI, suggesting reversal.
Targeting old highs and significant price levels.
Price action at lower orange levels may experience so congestion/consolidation.
TP1 could be reached quickly.
TP2 and 3 may be far fetched as luxury goods run was probably a result of excess spending during covid and low interest rates, but worth a shot.
Might be worth 50-60% exit on TP1 and see how the trade goes for the remaining TPs, so as to lock in returns.
Already in this trade but there may be a slim chance of re-entry on a pull back as close as possible to entry price. Otherwise SL is pretty wide and not ideal.
Could ladder in with some DCA orders to entry, but you may not get it.
Price back at historic levels with double bottom type structure.
Spring back test of 340 price level on daily.
Bullish divergence on weekly MACD and RSI, suggesting reversal.
Targeting old highs and significant price levels.
Price action at lower orange levels may experience so congestion/consolidation.
TP1 could be reached quickly.
TP2 and 3 may be far fetched as luxury goods run was probably a result of excess spending during covid and low interest rates, but worth a shot.
Might be worth 50-60% exit on TP1 and see how the trade goes for the remaining TPs, so as to lock in returns.
Note
Good start. If you missed entry, may be chance to get in.Trade active
Nice couple of weeks on this one.Bull flag on the daily which broke out, and filled the gap.
Be good to see the orange levels break now, 395.8 and 430, this could take some time.
Note
Great price action last few weeks, slow and steady upwards and strong close today.Note
Be great to break and close above 430Note
Now getting daily closes above 430, good news. Lets try for weekly to close above this price level also!Note
Highest daily close yesterday, since March 2025. Still holding and bouncing off 430 price level. Onwards and upwards!Note
Another great week of action on this one!Note
Breaking out to almost 52week highs!Note
1st Take Profit has hit. Take Profit!! :)Note
2nd Take profit target has hit today! Take profits please!
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Disclaimer
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.