Stock Analysis: Best stock to swing trade this week – Willscot Holdings Corporation (WSC)
Trade Details: On Friday, August 23, 2024, Willscot Holdings Corporation (WSC) Stock closed at $38.93. Analyzing the monthly time frame, WSC continues to form higher highs and higher lows, indicating a strong bullish trend. The stock appears to be in a retracement phase, currently testing its own monthly demand zone. The price is attempting to resume its bullish trajectory. Notably, the weekly candle from August 5, 2024, closed as a doji, suggesting a potential reversal and stop-loss collection. We anticipate upward movement in the coming weeks, making this an ideal candidate for a bullish swing trade.
Note: If the price breaks and closes below $33, this bullish setup becomes invalid.
Buy Swing Trade Idea:
Buy Entry Range: $37 – $35
Stop Loss: $33.80
Target 1: $43
Target 2: $47
Today’s Best stock to swing trade this week – Willscot Holdings Corporation (WSC
Note: Always remember: risk no more than 1% per trade.” Keep trailing your stop loss to secure bigger profits.
Please note this is only an opinion and not financial advice.
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