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Trading idea for Weyerhaeuser Company (NYSE)

14.07.2022

Market Review


#WY

The trend is descendant. The share is traded between 365 and 135 moving averages. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.

Stop-loss: 35.24.

Target levels: 33.20; 32.57.

Author: GC
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