Confirmed Ascending triangle for CFP.CA on the Canadian Market. Possible Entry area = 32$ Stop loss Area = 29.20$ Target 1 = 33.63$ Target 2 = 34.45$ Target 3 = 35.58$ Target 4 = 39.05$ Stay humble, Have fun, make money!
Good Technical and Fundamental ( earnings ), Target 35 Duration 1 to 5 months.
Liking this pointing up of CFP! Took a long at 24.93 with a target of 25.99!
Long-term uptrend. Generally, quick turnarounds following the pullbacks. Decent reward to risk, although expected percentage gain is not that high. Have had a quite a few trades in these timber stocks over the last couple years. Trade triggered on Friday. If not in, need to wait for a pullback to the entry area (only if it happens in next day or two)....
The stochastics and DMI indicators suggest more gains for TSX: CFP The risk at this time is also quite low.