Trade Review WTW

Oprah just keeps on giving and giving.  This WTW has been an awesome trader the past couple months.  Now I unfortunately wasn't able to get all I wanted out of this trade due to work, I do want to review the chart.

Before we get into the intraday chart.  Lets take a look at the bigger picture.  To be honest I have zero idea what caused this stock to start popping from its recent decent.  I just saw "Oprah, WTW, blah blah blah" on my twitter feed.  But here is why this trade worked on a technical level.

Here is a 30 minute chart of WTW.  This stock had plenty of room to move.  Interestingly enough, todays first initial move in the first 30 minutes stopped on what I call baby resistance.  There were sellers here but it wasn't going to be something that would cause the stock to fail there.  The stock built for another hour or so and then took out the highs.  And is we can see it had room to 24- at bigger resistance, which it ultimately failed at.

On an intraday look we see two beautiful flag patterns with small risk.  These little wicks below the 9ema was my signal to get in and use the bottom of the wick as my risk.  The stock moved relatively clean to my overall target of 24.  It sucks I couldn't get all of that move but I took what I could.

This ladies and gentlemen is an example of a chart we want to play.  It has a catalyst and room to move on a bigger time from.  This is how you line up on multiple time frames.  Stocks move from support to support and resistance to resistance.  These are the plays  I plan to up my risk for.  Because of how smooth they move.

If you have any questions about anything please feel free to email me JDN6832@gmail.com