0LWG trade ideas
$WY with a Neutral outlook following its earnings #BeststocksThe PEAD projected a neutral outlook for $WY after a negative under reaction after its earnings release placing the stock in Drift D
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WY is 17% from all time high- Green new deal means more buildingWY 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 happy.
That should push it up to the all time high and beyond.
I am not buying this- I already bough it in October.
This is not investment advice just market speculation.
Long WY & Lumber - Recent history of strong earning beats, expecting continuation into Q4
- Lumber futures have surged over 155% since their lows on April 1st, Lumber has since pulled back sitting at .618 fib, looking for continuation to the upside.
- DIY projects and improving housing market is providing a steady demand for wood
- Strategic timberlands in the Pacific Northwest and wood products are anticipated to be significant profit drivers
- Weekly pullback to 31 support
- 40/100 MA Cross
- P/T 34.7/39
Model Watchlist: Potential continuation wave?WY could see new new 52 week highs if current formation holds. The play would be invalidated below 28.
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WEYERHAEUSER COMPANY is in BUY SituationHey people, WEYERHAEUSER COMPANY is in a bearish movement, high volume of sales executed and in the before session. It is plausible that we will breakout the stabilization zone to move towards the next previous higher, which is half of it, only if the buyers are back to buy.
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[Long] WYI've been watching this timber REIT and it's had a nice pullback to a very big support level. Technically the CCI suggests it could bounce strongly from here, while a stop is relatively close by.
I managed to sell some at higher levels and am getting interested in buying again.
Fundamentally, it's a long term candidate because
- We are in a macro environment where REITs are favored (low growth, stagflation, defensives).
- Lumber is in a strong uptrend, albeit currently at resistance. Kind of surprising to be honest, considering the virus situation and collapsing commodity prices in Copper, Steel, etc.
- I'm hearing about a trend in wooden buildings becoming more accepted and popular (plyscrapers).
This support level could fail and we could be looking at a big bear flag on the weekly chart. That said, it owns land and pays 4.75% dividend so I would think it becomes even more of a bargain at lower levels.
Forest in Danger ,Timber supplies severely affected !The recent bushfire incident in Australia is a tragic and a setback for humanity. God bless the country and the innocent people who are where they are now because of this situation.
Businesses too are suffering especially those in the timber, packaging, paper, furniture,etc industries where wood resources (supplies) are now very much compromised.
If this bullish chart continues which I think it will, then the current correction is an opportunity to buy at a later stage.
WY - LUMBERRR, is it going down?The company is in the Industrial Goods | Lumber, Wood Production industry
The stock main trend currently consolidating and a big downward trend.
break of the 25 price support line will confirm the stock direction continuing down
Senario: entrance at 24.9, first traget at 24.05 at 50% trade.
further more, we can see global slowdown at wood shipments wich alart low demand.
Good luck!
