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HandsomeSloth

TREX correction to $60 or $66 before EOY recovery

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Trex Company, Inc. (NYSE:TREX)  
HandsomeSloth Uppdaterad   
NYSE:TREX   Trex Company, Inc.
Head and Shoulders Trend Lines
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headandshoulders trendline
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...?!
Kommentera:
Right shoulder formed. Can we confirm H&S and a fall to support around $60?
Kommentera:
We've broken the neckline. Here we go!
Kommentera:
This is where we start buying the trend and setting our stop losses
Kommentera:
Confirming breaking of support. Maybe we look towards the $45 level for support from here
Kommentera:
This works out very well =D
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