Weyerhaeuser Trading Analysis (29/01/2025)
The trend is descending. The stock is trading in the range between 365 and 135 ЕМАs. The ascending truncated wave structure ended with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Buy on the breach of the 30.40.
- Stop-loss at 31.05.
- Price targets at 29.69 and 27.50.
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