WY
Hi traders,
Timberland company WEY showing classic closing of Jaws in my proprietary 'Arun' indicator on the daily timeframe
Bulls want to go long and Bears short covering
I started accumulating since yesterday, and the signal has developed even further today.
Time for second bite of the cherry.
A good long setup with stop below the recent low, fib, pivot point *whatever.
Personally, Id just ride the trend so long as the trend holds
Trade closed manually:
Following my idea on the 8th , the share price rallied for 2 consecutive days.
But yesterday, there was a big decline and today the sp is flat.
My indicators suggest that yesterday's price action has taken out the short term momentum. The current outlook is neutral
But yesterday, there was a big decline and today the sp is flat.
My indicators suggest that yesterday's price action has taken out the short term momentum. The current outlook is neutral