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Weyerhaeuser Trading Analysis (29/08/2024)

29.08.2024

The trend is ascending. The stock is trading in the range between 365 and 135 ЕМАs. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold condition.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the ascending truncated structure.
Stop-loss at 30.42.
Price targets at 31.00 and 31.50.

#weyerhaeuser #stock #stocktrading #tradingstrategies #tradingmt5

Author: GC

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