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West Fraser Timber Co. Ltd.West Fraser Timber Co. Ltd.West Fraser Timber Co. Ltd.

West Fraser Timber Co. Ltd.

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WFC trade ideas

WFG share price needs to correct to match lumber price crashKey points: 1. Lumber is down 68%, WFG is only down 25%. WFG rallied with lumber. Lumber will likely stabilize at or below the current price. 2. Momentum channel has been broken 3. MACD has crossed below zero and the signal line has crossed the MACD line 4. Chart colorization is a reflection of MACD crossovers 5. WFG is technically in a bear market at a greater than 20% drop 6. The green line on the price chart is a long-term peak trendline that was rejected off of twice I will begin a short position Monday 7/19 and will add every day that a new low is made, price target 50, will begin covering in that range.
NYSE:WFGShort
by Skipper86
WFG - Stan Weinstien early stage two 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 - the7circles.uk 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/
NYSE:WFG
by OldManFit
1