I just draw 3 lines, in an uptrend and we are at the bottom of the range.
$WY is in an uptrend and we are looking to buy dips. It doesn't seem to be spending much time in the lower channel, so when it gets down near the bottom is the ideal opportunity. To help us time the dips, I am attempting to incorporate the Williams %R indicator. This is a new indicator for me, but it's not my first indicator, so hopefully I don't hurt myself...
The PEAD projected a neutral outlook for $WY after a negative under reaction after its earnings release placing the stock in Drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
WY is 17% from all time high. Once we break through that we go to price discovery mode which means we go higher. My fried who works at a lumber yard says they have had a record year of lumber sales with more slated for this year. The green New Deal we will be using wood more this year than last to fix infrastructure. I see earnings rolling in and people will be...
- Recent history of strong earning beats, expecting continuation into Q4 - Lumber futures have surged over 155% since their lows on April 1st, Lumber has since pulled back sitting at .618 fib, looking for continuation to the upside. - DIY projects and improving housing market is providing a steady demand for wood - Strategic timberlands in the Pacific Northwest...
We'll see excellent highs this week. targeting 34 - 35 As always, not a recommendation :)
WY could see new new 52 week highs if current formation holds. The play would be invalidated below 28. Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures In probability theory, a Markov model is a stochastic model used to predict...
Expecting a retrace back down to 29.32 and riding that trend line before pushing back to 34
Hey people, WEYERHAEUSER COMPANY is in a bearish movement, high volume of sales executed and in the before session. It is plausible that we will breakout the stabilization zone to move towards the next previous higher, which is half of it, only if the buyers are back to buy. Please LIKE & FOLLOW, thank you!!
All description on the chart. Please, don't forget to like and follow. Thank you.
All description on the chart. Please, don't forget to like and follow. Thank you.
WY just broke down an upward channel (corrective channel) and may test previous swing lows.
I've been watching this timber REIT and it's had a nice pullback to a very big support level. Technically the CCI suggests it could bounce strongly from here, while a stop is relatively close by. I managed to sell some at higher levels and am getting interested in buying again. Fundamentally, it's a long term candidate because - We are in a macro environment...