Building a flag here on the weekly. Indicators pointing up. Decision time will be on upper trend line. the 1.67 level completed an EMM.
Watching for entry.
Potential Head and shoulder reversal. May dip a bit further before completing Right Shoulder. Good place to accumulate. Expect stock to rally in response to stronger trade talks between us and china.
1. Daily chart shows "Three White Soldiers" or three bullish candles. Price is closed out quite well. Three such candles haven't been seen before at a low point in the downtrend. This suggests that this may be a significant low point.
2. Weekly chart show a bullish hammer followed by a week with a higher high and higher low.
3. On both time frames, bullish price...
Strong recent uptrend in Western Forest Products. Following a decent-sized correction, we are seeing the first short-term signs that the pullback may be over the next up wave is starting.
Target is based on a price rallying slightly above 2015 and recent highs, which should spark a bit of interest. Target is fairly conservative though as this stock can trade...
