QuietTrader
Oct 2, 2:36 PM
I may have bought one of the ugliest charts in the market today. 😂
$WY at
$18.50. So ugly… I bought it.
Method to the madness: price is sitting right on the lower boundary of a 3-year descending channel, basically testing the trough near the
$18.45 low. Weekly RSI is deeply oversold, Stochastics are buried near the floor, and sentiment looks completely washed out.
That doesn’t mean the downtrend magically disappears—but this is exactly where the risk/reward finally starts getting interesting. My thesis: defined downside below the recent low, with mean-reversion targets around
$20 →
$22.50 →
$24–25 if buyers show up.
Sometimes the prettiest trades start with the ugliest charts.
$WY #Weyerhaeuser #Oversold #MeanReversion #Timber #REIT
$SPY
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