Resolute Forest Products (RFP) will be acquired by a unit of Paper Excellence Group in a roughly $2.7 billion deal that will see the Canadian forest products company added to the privately held firm's stable of pulp-and-paper assets in North America."With this transaction, Resolute will accelerate its growth as it gains access to more tools, capital and...
waiting for a break below extreme support before taking any positions, on the break of 9.87 we can target 8,05-3.52
As RFP starts to test the low support of the symmetrical triangle that has been formed and consolidating on top of a weekly very big double bottom neckline this is time for the bulls to step in and take control. As long as we can see price remain above $12 and close above $12 we can see Easily move back up towards the 15.37 reistance. If we can clear 15.40 and...
As we start to break reistance if this large bullish pennant we see RFP is going to struggle around 15.71-16.30s. If we can close a weekly and open and remain above this potential pattern this could be a very strong setup.
12/31/2021 Long RFP Target $28.99 Stop $12.10 Risk/Reward Ratio: 4.38
Resolute Forest Products, Inc. engages in the production and sale of forest products. It operates through the following segments: Market Pulp, Tissue, Wood Products, Newsprint, Specialty Papers, and Corporate and Other. The company was founded on January 25, 2007 and is headquartered in Montreal, Canada.
RBC Capital Upgrades Resolute Forest Products (RFP) to Outperform and upped its price target on the shares by nearly 38%, to $5.50 Yet as RBC explained, while the analyst is "negative on graphic paper markets," it believes that "record lumber prices, especially in Eastern Canada, will more than offset declines in newsprint & specialty paper." As cash pours in...
Price seems to have bottom out. Possible formation of descending broadening wedge in progress.
Based on some of the stochastic signals highlighted in the chart, I think we begin to see a short term reversal in Resolute Forest Products stock price. I'm looking for $RFP to move over 4.50, and if it does, I hope to see continuation to the resistance point of 4.85.
RFP is forming flag formation with nice positive Moneyflow divergence. Looking very good as long. You can check detailed analysis on RFP in the trading room/ Executive summary link here- www.youtube.com Time Span- 5:20" Trade Status: Pending
RFP has medium-long term potentials but short term it's still under pressure.
The value is there but patience is needed. Target: $5.75 by March 2017
Resolute Forest Products is a good value stock that is trading at a balance extreme and has a cup and handle pattern. It is held by Prem Watsa of Fairfax Financial. I would look for trades on the long side after earnings if it is an earnings winner.