CoryMitchell-CMT

Another Swing Trade in CFP.TO

Long
TSX:CFP   CANFOR CORP NEW
Long-term uptrend.
Generally, quick turnarounds following the pullbacks.
Decent reward to risk, although expected percentage gain is not that high.
Have had a quite a few trades in these timber stocks over the last couple years.

Trade triggered on Friday. If not in, need to wait for a pullback to the entry area (only if it happens in next day or two).

Disclosure: long
Comment:
Entry is 31.02, not 31.10

Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.