Weyerhaeuser (WY) . Worth watching
Commodities markets took a big hit today.
The margin clerks will be busy tomorrow !
Here's a candidate should lumber prices stabilize.
Weyerhaeuser has benefited from higher lumber prices as production has decline and demand skyrocketed.
Worth watching. Targets, entry and a stop have been indicated.
A quick trade as the over weekly chars show a long term Bearish Harmonic Shark Pattern
Risk/Reward is 1.5 to 1.
As always do your own due diligence.
S.
The margin clerks will be busy tomorrow !
Here's a candidate should lumber prices stabilize.
Weyerhaeuser has benefited from higher lumber prices as production has decline and demand skyrocketed.
Worth watching. Targets, entry and a stop have been indicated.
A quick trade as the over weekly chars show a long term Bearish Harmonic Shark Pattern
Risk/Reward is 1.5 to 1.
As always do your own due diligence.
S.
註釋
Here is the long term weekly viewS,
註釋
Nothing actionable yet...idea closed as we went through original stop
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