Eacom Timber Corporation ETRFF

daily candle pattern

[FratzyBottFish]

The daily candle pattern became postive too yesterday ...

with a bullish harami cross...

https://www.americanbulls.com/StockPage.asp?CompanyTicker=ETR&MarketTicker=VSE&Typ=S

now in daily & in weekly ... same Bullish Harami Cross in place...

https://www.americanbulls.com/weekly/StockPage.asp?CompanyTicker=ETR&MarketTicker=VSE&Typ=S

will this hold? will soon see...

need to follow still if:

The candle pattern will stay positive after week close.

need to see if we can stay in this new trading range (.10¢ - .115¢) level...

look the low EMA lines if (1st) SP will move above again

and (2nd) if they will X each other to the upside.

on the pattern side still in place:

A 9 months cup & handle pattern in place (need time to see if this will unfold in a positive way).

adding now a daily short term ascending triangle pattern building with .115¢ neckline & resistance to move above.

on the volume side:

Constant volume since last 3 days with a slight increase from previous average volume.

here the daily and weekly chart:

https://stockcharts.com/h-sc/ui?s=ETR.V&p=D&b=5&g=0&id=p64373330620

https://stockcharts.com/h-sc/ui?s=ETR.V&p=W&yr=0&mn=10&dy=0&id=p63209298556

Will we see more upside in coming time? Some good TA ind & osc are there and shaping up .

Patience still... positive things building around this ETR lately...

Just my TA reading so please Dyodd always

Fratzy!

[Canoutchie]

Hi Fratzy. I enjoy your posts on the Technicals, both on this and other bullboards.  While ETR may be looking interesting technically, the fundamentals may be another story.    In somewhat related news, I noticed that Tembec took it on the chin today.  I had Tembec on a watchlist, but I was waiting to see if it could break the logjam at $3.50.  For once, I'm glad I

[FratzyBottFish]

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