RE: RE: daily candle pattern
Yes Canoutchie,
I agree with you, ETR looking good and attractive technically. I do to agree that the lumber industry is still into the long process of rebuilding itself.
Thx to come and post about the fundamental part of this stock.
As I’m not a fundamental analyst, I’ll stick to what I used the most TA.
For me the technical are drawing the picture, of the sentiments, and of what shaping up, on the fundamental side (good or bad). That’s how I feel about the technical (drawing the fundamental picture on a chart).
But as I said I’m not very good at fundamental. So see from these different charts of other cdn lumber co, if we can see a similitude between some and if they can turn from theirs recent pull, and if an upswing is building.
I’m actually targeting the short to mid-term action to the longer one here…
Looking at a 6 months Dly chart, check recent high was in mid-March and low mid-April, on most. except for tembec.
Since, building a new bottom and this week turning and moving slightly to the upside.
That where I like to look at a stock to invest.
The risky level I agree...
So here the chart link. first I'll try to copy & past lower the charts if it can work ok for a quick look but if fail see the link to each chart.
WFT.TO:: https://stockcharts.com/h-sc/ui?s=WFT.TO&p=D&yr=0&mn=6&dy=0&id=p23424172801
WEF.TO: https://stockcharts.com/h-sc/ui?s=WEF.TO&p=D&yr=0&mn=6&dy=0&id=p22244629312
CFP.TO: https://stockcharts.com/h-sc/ui?s=CFP.TO&p=D&yr=0&mn=6&dy=0&id=p20966040291
NBD.TO: https://stockcharts.com/h-sc/ui?s=NBD.TO&p=D&yr=0&mn=6&dy=0&id=p31372379886
ETR.V: https://stockcharts.com/h-sc/ui?s=ETR.V&p=D&b=5&g=0&id=p40951626589
TMB.TO: https://stockcharts.com/h-sc/ui?s=TMB.TO&p=D&yr=0&mn=6&dy=0&id=p39344994163
