Per POTUS Trump- Canadian timber need to be sanctioned related to price manipulation. So, lets look at the largest U.S.A. timber public stock company WY & what could happen today/Friday.
*I believe that you could easily buy a CALL option that expires weekly (next Thursday 5/4) and be ITM. From chart, price action is hitting a hard support of $34.61 now on BB indicator and EARNINGS is due today too (which should help PA go up).
If you get into, do a long call option. It appears resistance of WY is not until around $36.00 or an $1.40 move. *If you understand options, buy one call option & buy one put option (for insurance or stop), for unlimited profit potential and limit your risk, if PA would go against trade. Options give you leverage and the option to buy call, but not obligation to buy it. One contract controls 100 shares for generally around only 10% ($350 or less), or you buy 100 shares of WY for ($3461.00) instead. Like always when trading, follow a plan and keep money management #1, to trade again.
*I believe that you could easily buy a CALL option that expires weekly (next Thursday 5/4) and be ITM. From chart, price action is hitting a hard support of $34.61 now on BB indicator and EARNINGS is due today too (which should help PA go up).
If you get into, do a long call option. It appears resistance of WY is not until around $36.00 or an $1.40 move. *If you understand options, buy one call option & buy one put option (for insurance or stop), for unlimited profit potential and limit your risk, if PA would go against trade. Options give you leverage and the option to buy call, but not obligation to buy it. One contract controls 100 shares for generally around only 10% ($350 or less), or you buy 100 shares of WY for ($3461.00) instead. Like always when trading, follow a plan and keep money management #1, to trade again.