dRends35

RYN - Short Entry

Short
NYSE:RYN   Rayonier Inc. REIT
RYN may provide a good short entry here assuming indexes are turning bearish which I think they are.

Its potentially printing a shakeout reversal through 50MA and resistance and is at 0.618 retracement from the top.

I'm staggering in here and will buy more around 0.618 from the bounce - 41.53 with SL above the top.

Not advice.
Comment: Exited on the 1H engulfing here will go higher. Will look again later.

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