Gnome
Long

UFS second try?

NYSE:UFS   DOMTAR CORPORATION
27 views
0
27 0
I posted this chart before and was stopped out on a failed breakout. UFS came down and tested prior support one more time before now trying to break out again. It would be good to have a little consolidation before a breakout for a better stop loss level. The monthly pivots come in right at prior support levels, so depending on momentum i would take R1 at around 48 as first target and then look for a move to the 50-52 area. Personally I will have to be careful not to enter early again, but there was definitely some volume coming in on the failed breakout. Also I would add that if we fail to break out again, a deeper pullback is more likely.

Happy trading!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out