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: 35.24.

Target levels: 33.20; 32.57.