Timonrosso

Rising Wedge in an uptrend for Lamb Weston

Short
NYSE:LW   Lamb Weston Holdings, Inc.
This is very subjective, and I am not good with these analyses...
It seems like a Rising Wedge in an uptrend has established (though some might see a Cup and Handle).
Also there is a strong bearish pinbar candle, that has shown the sellers are winning.
The momentum is looking weak and we could very well expect a reversal from here.
I would only short though if the price breaks below the pattern.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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