WEF LongBuilding 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.
Trade ideas
Long WEFlumber prices rocket
bull flag on daily
macd crossing
good Q2 despite corona
stop just below 1.0 should do it
initial target 2 and next 3
WEF Head and Shoulders ReversalPotential 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.
Significant Reversal in WEF?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 action is happening at the lower bollinger band .
Go long at 2.40. Stop Loss at 2.21.
Projected price range is 2.75-2.85.
Give it a little extra room, in case of a immediate pull-back.
WEF.TO Setting Up Another Run HigherStrong 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 quite choppy.
Can also use ATR Stops as a trailing stop loss. When price closes below ATR line, move stop loss up to just below the low fo that day.
