Ambassadorj

1D Lumber looking like a breakout

Ambassadorj Updated   
PEPPERSTONE:LUMBER   Lumber (Cash)
As above.

Falling wedge breakout with good volume. Bullish divergence on the MACD as well on 1D chart.

Target very possible mid $700 if up trend continues.

Will follow.

Good Luck traders.
Comment:
Price stabilizing in short term with sideways movement in the low $400 range with decent support.
Comment:
DOH!! Well my bad... tanking...
Comment:
WOW. really tanking. Real good to rebuild that deck this spring 2023!
Comment:
Nice little double bottom @ 350 with a bounce!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.