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Weyerhaeuser Trading Analysis (29/08/2024)

29.08.2024

Market Review

The trend is ascending. The stock is trading in the range between 365 and 135 ЕМАs. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold condition.

Weyerhaeuser stock price

Trading idea:

  • Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
  • Stop-loss at 30.42.
  • Price targets at 31.00 and 31.50.


#weyerhaeuser #stock #stocktrading #tradingstrategies #tradingmt5

Penulis: GC
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