The big three record labels ...The big three record labels ...https://en.wikipedia.org/wiki/Record_label
WMG trade ideas
WMG - 8.31% Potential Profit - Swing Trading SetupGood risk / reward ratio on this trade.
Ascending Triangle.
- Target Entry: $34.20
- Stop Loss: $33.36
- Target Exit: $37.05
- Risk / Reward Ratio: 3.39
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid the initial spikes/drops that get me into a position and out right after.
WMG - Up against multi year trendline
Accumulation above 60 VMA +++
Backtest of the trendline support ++
Holding on the volume shelf +
ER on Nov 16 might break this one or the other. Good R/R here with small stop loss.
ERs have been very volatile with huge swings. I prefer this to breakout and base for next leg up.
No position yet.
WMG - Weekly flag set up
Gap and go past ER indicates strength.
200 EMA backtest, 60 VMA, and MACD signals are all green.
Two ways to trade,
build a position below 33 and set it as a stop loss
Wait for test of 35/36 and enter on the hold of 33.
WMG, a no brainer LONG propsect!WMG net positive volume has increased quite significantly this past few days conveying that long term price shift is about to happen.
On the daily data, WMG is sitting at a very discounted price of 1.0 FIB LEVEL -- the most bargain level you could get. Best price to seed at this range.
Higher lows on both price and histogram has materialized signifying the current range as the new base for the incoming series of ascend.
Expect some more than average upside price valuation from the current level.
Spotted at 24.0
TAYOR.
Safeguard capital always.
WMG Warner Music - BULLISH SCENARIOWMG - Some controversy stirring the pot with one of WMG's biggest artists Ed Sheeran, according to the latest news Sheeran was found not guilty nor liable in the copyright lawsuit against him and eventually affecting the company-owned labels Asylum, Atlantic, Elektra. Potential recovery from that development combined with good earnings in the upcoming week could bring significant equity injection to the company stock, as we can see the last Earnings send the stock surging with more than 6.00 dollars.
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Warner Music Group LongsWarner Music is trading up around 3% today following Atlantic Equities upgrading the stock to overweight from neutral. The firm said Warner Music has shown that it can continue to deliver growth in streaming despite a difficult economic backdrop.
Technically, I like and betting personally on the upside here, if we can break down supply at $34.90, then a run into $35.00
$WMG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $WMG after a Positive Under reaction following its earnings release placing the stock in drift A.
WMG - GREAT Buy Opportunity, IF ... !!!Hello! Friends,
-This would be a great Buy Opportunity, IF NASDAQ:WMG breaks up the Daily Resistance line at $30.36 ( with a WHOLE DAILY Candle ) !!
$WMG with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $WMG after a Positive over reaction following its earnings release placing the stock in drift B.
WMG Daily Bullish Butterfly
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
$WMG building a second tier baseLately I've transitioned into focusing more on longer term swing trades. It helps with drowning out the noise and zooming out to the bigger picture. After all, money is made in sitting and waiting.
This is the weekly chart of $WMG. It's a clear illustration of accumulation of the stock, before an emphatic break above its IPO high of $35ish. It's building another base now. This is more of a long term hold -- watch the break of $40 to come in time.
BUY WARNER MUSIC GROUP at market openningHey traders, WARNER MUSIC GROUP is in the current situation refusal of sellers confirmation of current sale, but the market could turn around but go up with the possibility of breaking its range.
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