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Jul 20, 2019 2:06 PM

WY - LUMBERRR, is it going down? Short

Weyerhaeuser CompanyNYSE

Description

The company is in the Industrial Goods | Lumber, Wood Production industry

The stock main trend currently consolidating and a big downward trend.
break of the 25 price support line will confirm the stock direction continuing down

Senario: entrance at 24.9, first traget at 24.05 at 50% trade.

further more, we can see global slowdown at wood shipments wich alart low demand.

Good luck!
Comments
Bullandbeartrading
Nice indicator analysis.
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