📈 🟢
Ticker: Bath & Body Works, Inc. (NYSE: BBWI)
Chart: 30-Min Timeframe
Pattern: Rising wedge breakout continuation
🔹 Entry: $31.20 (breakout reclaim above resistance)
🔹 Stop-Loss: $30.39 (below wedge support zone)
🔹 Take Profits:
TP1: $32.44 – Previous resistance
TP2: $33.94 – Measured breakout target
⚖️ Risk-Reward Calculation:
– Risk per Share: $0.81
– Reward to TP2: $2.74
– R:R Ratio: ~1:3.4 ✅
🧠 Technical Highlights:
– Rising wedge breakout with bullish momentum.
– Strong reclaim above $31 resistance level.
– Volume increasing as breakout develops.
Ticker: Bath & Body Works, Inc. (NYSE: BBWI)
Chart: 30-Min Timeframe
Pattern: Rising wedge breakout continuation
🔹 Entry: $31.20 (breakout reclaim above resistance)
🔹 Stop-Loss: $30.39 (below wedge support zone)
🔹 Take Profits:
TP1: $32.44 – Previous resistance
TP2: $33.94 – Measured breakout target
⚖️ Risk-Reward Calculation:
– Risk per Share: $0.81
– Reward to TP2: $2.74
– R:R Ratio: ~1:3.4 ✅
🧠 Technical Highlights:
– Rising wedge breakout with bullish momentum.
– Strong reclaim above $31 resistance level.
– Volume increasing as breakout develops.
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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.
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.