#WSTCSTPAPR
Nice retest of the breakout parallel channel.
If this retest holds as support, I think price can bounce nicely in coming day/ weeks.
Weekly Stoch RSI also crossing bullish!
Expecting 20-30% move minimum.
#WSTCSTPAPR / West Coast Paper Mills Ltd
Looks amazing at current levels. Paper stocks were in focus few months back and should be back in focus soon I believe.
Technical and Fundamentals of these stocks are good. Stock was in consolidation mode for 1 year before the breakout and now retesting previous ATH levels.
I'll be looking to buy this on Monday as soon...
West Coast paper looking good with increasing volume above 507
Sl 455
NOTE: POSTS HERE ARE BASED ON MY RESEARCH AND ARE FOR EDUCATIONAL PURPOSES ONLY.
PLEASE CONSULT YOUR FINANCIAL ADVISOR
BEFORE BUYING OR SELLING.
The stock is trading in between a descending triangle like formation.
Expecting price to drop till 470.
As of now, I don't find any opportunity and will look to initiate buys only at 470 support area.
In case if you are holding the stock, you may keep holding till 470.
If weekly closes below 470, it would be better to exit the stock.
West coast paper limited has given returns in few previous days and given breakout, but after retest failed to bounce back,
Right now it is taking support on trendline, if bounce back with volume, we can see good returns
