After NYSE:PSB topped in mid-April has been forming a long base. I see a "low cheat" with a breakout above $168.88 with a good follow through above $165 resistance zone. Today is making that second breakout and could be a good day to get in the stock. I'll be waiting for volume confirmation.
NYSE:PSB has a IBD relative strength rating of 77. Is not the...
WY classic fake out before earnings break out
We need to consolidate after breaking all time high before we move higher.
Yes timber prices are coming down but first they need to report all the earnings they had last quarter.
we are not done with commodities pumping up - once gas goes up the timber goes up too.
$WY is in an uptrend and we are looking to buy dips.
It doesn't seem to be spending much time in the lower channel, so when it gets down near the bottom is the ideal opportunity.
To help us time the dips, I am attempting to incorporate the Williams %R indicator. This is a new indicator for me, but it's not my first indicator, so hopefully I don't hurt myself...
WY is 17% from all time high.
Once we break through that we go to price discovery mode which means we go higher.
My fried who works at a lumber yard says they have had a record year of lumber sales with more slated for this year.
The green New Deal we will be using wood more this year than last to fix infrastructure.
I see earnings rolling in and people will be...