Good Risk Reward Long Entry for WB Here (Weekly)

16 May 2018

I believe that within 3 months, WB has a better chance to continue the uptrend than to have a complete reversal.

I believe the 98-105 support level will hold, and thus have initiated a long position at 103.5 with a stop loss at 95.

My target profit area is the 130-140 zone.

The risk is 8.5 dollars down for a reward of about 35, which is a 4 to 1 risk to reward ratio.

16 May 2018

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Note that the volatility is really high, so you may want to have an even safer stop loss (below 95).