Williams-Sonoma Analysis


Williams-Sonoma Analysis

Chart done on hourly timeframe. What we’re seeing happen with Williams-Sonoma is very similar to what we saw happen with SMCI this year. Both companies are “low-float” companies that have about 10-11% in short float. Both companies have less than 60M shares available to the public market, which means it doesn’t take much volume to push them up. Considering that 10% of those shares are being shorted, a move up can cause a short squeeze and rocket the stock higher. 

At this point there’s not telling when WSM will stop its rally and it’s a very high risk high reward trade. You can use the levels above as guidance if you’re looking for a trade.