Trex Company, Inc.
Short
Updated

TREX correction to $60 or $66 before EOY recovery

Head and shoulders on the daily chart. Neckline around 66. This is either a buy point or the sign to buy.

High of 76 tested a few times over the last few weeks. H&S could lead to $56, $60, or $63. Support ranges.

Nibble all the way down...?!
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Right shoulder formed. Can we confirm H&S and a fall to support around $60?
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We've broken the neckline. Here we go!
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This is where we start buying the trend and setting our stop losses
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Confirming breaking of support. Maybe we look towards the $45 level for support from here
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This works out very well =D

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