WEF.TO Setting Up Another Run Higher

Strong recent uptrend in Western Forest Products. Following a decent-sized correction, we are seeing the first short-term signs that the pullback may be over the next up wave is starting.

Target is based on a price rallying slightly above 2015 and recent highs, which should spark a bit of interest. Target is fairly conservative though as this stock can trade quite choppy.

Can also use ATR Stops as a trailing stop loss. When price closes below ATR line, move stop loss up to just below the low fo that day.