Trading idea for Weyerhaeuser Company (NYSE)
#WY
The trend is descendant. The share is traded between 365 and 135 moving averages. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss: …