Notice on this chart that I exited my Long position, before the stock moved another 30% down. Beginner traders make the mistake of hoping the the stock they are holding will eventually go up. Many times it doesn't. Cut your losses quickly and ruthlessly. Save your account to trade another day
For information on how to have these Price Action Indicators on Your...
WY, last closed at 33.55$, is offering a good upside potential:
1) Positive reversal in place at L1 & L2 levels indicating a hasty market to go up
2) Prices pulled back to support level at 33$ and it held above it
3) First target at 34.20$, if broken 35$
4) Markets must not close below the 33$ level for 2 consecutive days in order to stay in the position
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...