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Monday, September 27, 2021
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Sitting on a Cash Pile 12.0? The People are Back to Cooking at Home

#cash #bullish #buy

$WSM

Williams-Sonoma Inc. (NYSE:WSM) broke out on 10 March at 132.75 and confirmed on 24 March at 165.83. Thus, garnering a LTN Cash Pile Buy rating with a 1 yr target price at 228/share. The current Street consensus 1 yr price target is 146.84.

WSM is trading Thursday at 167.89 within 52-wk range of 36.54 – 184.32 (its all-time high).

The Key support is at 154.01 and the resistance is Nil. The pattern suggests a break away gap from 136.39-158.52.

Our outlook is Bullish with a Very Bullish bias in here, as some of our Key technical indicators have tuned Very Bullish.

Have a healthy day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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