OldManFit

WFG - Stan Weinstien early stage two

NYSE:WFG   West Fraser Timber Co. Ltd
Stan Weinstein wrote a classic investment book in the 1980's
Basically, it's based on recognising the rotation in the market between stage 1,2 3 and 4 - instead of inserting loads of waffle about it check out this link - https://the7circles.uk/stan-weinsteins-s...
So going by Stan’s rules in relation to this stock I get:

1. General Market shows an uptrend.
2. The present best performing weekly groups are Technology Services, Electronic Technology and Non-Energy Materials – GGB is in Non-Energy Materials
3. Yep, got a list and will post the best as they come up to near stage 2
4. This stock has no overhead resistance nearby; it has poked at the present resistance at 76 and has now poked through this resistance level . Support is around 60.
5. Mansfield Relative Strength – relative to the S&P 500 the share price has shown better strength than the market. The sector has also shown relative strength to the market too.
6. Volume has more than double in recent weeks.
7. I have a limit order for 82.5 with a stop at 71.5, at half my proposed position.
8. TBC
9. TBC
This is the second stock filling stans requirements I have found. Last one is here GGB-Stan-Weinstien-early-stage-two/

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