US Stock In Play: $WSM (Williams-Sonoma Inc)

9 באפר׳ 2021

WSM is currently in a multi-week long Ascending Triangle chart pattern, with the consolidated price action also reflecting a Bullish Flag formation. 

Both chart formations are impending volatility for a significant breakout of its resistance level at $188.30. The latest closing price of $185.28 is barely 50% of its daily ATR price action away from the immediate resistance.

WSM operates as an omni-channel specialty retailer of various products for home.