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HaseebKhan_90
Jan 12, 2022 10:57 PM

WY breaking out of an 8 month base! Long

Weyerhaeuser CompanyNYSE

Description

* Great earnings
* Very strong up trend in the long term
* High 3-month relative strength of 1.12 in the Real Estate sector
* Pays out dividends
* Breaking out of a ~8 month cup formation with a depth of ~25.94%
* Attempted to break out a couple of weeks ago but due to current market conditions it had a slight pull back and now is breaking out once again.
* Maximum probable ROI is ~25.94%

Trade Idea:
* You can enter now at today's close if you want to stay in the market.
* Due to uncertain conditions it's better to enter with a small position if not in cash.
* If you're looking for a better entry, you can look for an opportunity around the $40.54 area.
Comments
TORNADOF5
3 long tails i hope she crash them up yea
HaseebKhan_90
@TORNADOF5, Not sure what you mean by that.
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