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jaxdog
Sep 25, 2023 2:39 PM

$WSM Breakout on Volume! Long

Williams-Sonoma, Inc.NYSE

Description

NYSE:WSM broke out of this consolidation area this morning on big volume. With just over an hour into the trading day it's traded about 1.9mm shares and it's 10 day average is 1.1mm shares. At this run rate it should trade 8 - 9mm shares before the day is done (TBD).

I took a position and placed my stop just under the area of previous resistance. Let's see what happens.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Comments
dhruvbipinpatel
Yep this one looks good, I would wait for an entry on CIP with a fat green candle at 144 - 148 levels, good pick! Thanks for posting.
jaxdog
@dhruvbipinpatel, Thanks and you are welcome. I do like this pullback. Let's see what happens.
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