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CONIFEX TIMBER INC
TSX
CFF
Timber stocks continue to march higher. WFT and IFP also doing well. WFT has been on the swing trade list a long time. After the recent pullback, looking to catch another wave up in the uptrend. 3:1 reward:risk based on reasonably achievable target. Low volume. Careful. No current position in this one.
This particular stock has been on an upward momentum. It is inside an upward channel. The upper resistance line and the 20 EMA are the acting upward channel for this particular stock. MACD and Force index indicates a bullish momentum. It may be reaching its distribution phase soon once it bounces back to the support line and a bearish candle confirms it. If...
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