📋 Trade Summary
Setup: Price bouncing off ascending trendline support in a tightening triangle pattern.
Entry: Market buy at ~$340
Stop-loss: Below channel support at $327.74
Targets:
Initial: $355 (trendline break)
Main: $388.75 (analyst price target)
Risk/Reward: ~1:3 R/R
🔎 Technical Rationale
Trendline Support: Price is holding the ascending channel bottom for several months.
Triangle Squeeze: Compression signals potential for a volatility breakout.
Daily Timeframe: Recent bounce coincides with overall market rotation into industrials.
🚀 Catalysts & Context
Analyst Price Target: $388.75 (+14% upside, see chart)
Recent Buy Ratings: Analyst consensus now “Buy” after last earnings.
Sector Rotation: Paint/coatings sector seeing inflows as cyclicals recover.
📈 Trade Management Plan
Entry: Market buy at $340; consider adding above $355 on confirmed breakout.
Stop-loss: $327.74 (below channel support).
Adjustment: Trail to breakeven after move above $355.
Scaling:
Take partial profits at $355
Hold remainder toward $388.75
🗳️ What’s Your View?
Are you watching SHW? Comment below or vote:
🔼 Bullish
🔽 Bearish
🔄 Waiting for confirmation
** Be sure to follow us so you don't miss the next big setup! **
⚠️ Disclaimer: Not financial advice. Trade at your own risk.
Setup: Price bouncing off ascending trendline support in a tightening triangle pattern.
Entry: Market buy at ~$340
Stop-loss: Below channel support at $327.74
Targets:
Initial: $355 (trendline break)
Main: $388.75 (analyst price target)
Risk/Reward: ~1:3 R/R
🔎 Technical Rationale
Trendline Support: Price is holding the ascending channel bottom for several months.
Triangle Squeeze: Compression signals potential for a volatility breakout.
Daily Timeframe: Recent bounce coincides with overall market rotation into industrials.
🚀 Catalysts & Context
Analyst Price Target: $388.75 (+14% upside, see chart)
Recent Buy Ratings: Analyst consensus now “Buy” after last earnings.
Sector Rotation: Paint/coatings sector seeing inflows as cyclicals recover.
📈 Trade Management Plan
Entry: Market buy at $340; consider adding above $355 on confirmed breakout.
Stop-loss: $327.74 (below channel support).
Adjustment: Trail to breakeven after move above $355.
Scaling:
Take partial profits at $355
Hold remainder toward $388.75
🗳️ What’s Your View?
Are you watching SHW? Comment below or vote:
🔼 Bullish
🔽 Bearish
🔄 Waiting for confirmation
** Be sure to follow us so you don't miss the next big setup! **
⚠️ Disclaimer: Not financial advice. Trade at your own risk.
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.
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.