| Trex (TWP) -- Weekly |
The ideal setup would be an entry at $21.50, with a stop at $23. This would offer $1.50 in risk. The first profit target would be placed at $20 to serve the 1-to-1 reward/risk ratio. The final profit target would be $18.10, which is just above the Feb. 1, 2002, support level of $17.95. If price closes under $19.65 without first offering an entry, this setup is no longer valid. Shares closed at $19.72 Monday.