jeffsuntrading

US Stock In Play: $WSM (Williams-Sonoma Inc)

Long
NYSE:WSM   WILLIAMS-SONOMA INC
$WSM is currently in a multi-week long Ascending Triangle chart pattern, with the consolidated price action also reflecting a Bullish Flag formation. 

Both chart formations are impending volatility for a significant breakout of its resistance level at $188.30. The latest closing price of $185.28 is barely 50% of its daily ATR price action away from the immediate resistance.

$WSM operates as an omni-channel specialty retailer of various products for home. 

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