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Sherwin-Williams

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SHW trade ideas

Sherwin-Williams Company (SHW) for SHORT Signals Position: short Entry price: 286 Target: 272 SL: 275 Indicators RSI is reversing from a position of overbought: good time for a short DMI - is reversing indicating a bearish trend Both Keltner channel and Bollinger bands indicate a strong trend Pattern The price is bouncing between the support and the resistance lines and the bearish trend has been confirmed Conclusions SWH develops, manufactures, distributes and sells paint, coatings and related products to professional, industrial, commercial and retail customers. Mostly based in the US. The number of of new residential sales has been decreasing since May 2020 in the US. The fundamentals of the company, the Q2 earnings released today and the candles themselves cannot carry to break the resistance.
NYSE:SHWShort
by vf_investment
Traditional|SHW|Long and shortLong and short SHW Activation of the transaction only when the blue zone is fixed/broken. Working out the local support and resistance levels of the triangle. * Possible closing of a trade before reaching the take zone. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. The breakdown of the upper blue zone - long. Breakdown of the lower blue zone - short. Working out the stop when the price returns to the level after activation + fixing in the red zone. Blue zones - activation zones. Green zone - take zone. Red zone - stop zone (S-SL short stop, L-SL long stop). Orange arrows indicate the direction of the take. Red arrows indicate the direction of the stop.
NYSE:SHW
by Henry_Ross
3