Smart-tradeIL

WY - LUMBERRR, is it going down?

Short
NYSE:WY   Weyerhaeuser Company
The company is in the Industrial Goods | Lumber, Wood Production industry

The stock main trend currently consolidating and a big downward trend.
break of the 25 price support line will confirm the stock direction continuing down

Senario: entrance at 24.9, first traget at 24.05 at 50% trade.

further more, we can see global slowdown at wood shipments wich alart low demand.

Good luck!

תום רוכמן - סמארט טרייד, מחברים בין מסחר והשקעות חכמות

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