4 consecutive higher highs 4 consecutive higher lows all since June 2022
I like the look of this one
and I believe in the company too (Canadian Lumber)
Komentar
It has hit 7.10, which is as low as I thought it would go. NOW, I am waiting for a sign of reversal so I can be on the Right Side of the V
Komentar
It rose 3% today, but I do believe it could churn more. I'll put a limit order in at 7.10 and wait to see if it gets filled. If we hit 7.50 before we retrace back to 7.10, I might change it to a market order because I'll be more sure it's bouncing.
Komentar
I do NOT like the look of this anymore. I'm glad I waited for the bounce, which never materialized, and now we have broken down below the channel. * Canadian Dollar weakening because Bank of Canada decreased Rate 0.25% and USA did not * Honestly the restructure / collapse of Chesswood (CHW.TO) has soured me a bit on these Canadian small-midcaps.
Komentar
I want to see resistance and reversal at 6.44 before I get involved
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