West Coast Paper - Multi year weekly closing high
West Coast Paper gave its highest weekly close since January 2019.
The stock has decisively crossed and closed above the long term weekly resistance level of 265-266.
We also have a potential Weekly Golden Cross coming up next week (golden coloured MA crossing the green coloured MA)
At the same time, overhead resistance at 295-298 (blue TL) can possibly lead to slightly extended consolidation/sideways movement.
One can either buy West Coast Paper at cmp or wait till the stock gives a daily close above 295. In any case, West Coast paper is a great short to medium term buy with minimal risk and significant upside.
Target: 348-370-394 and beyond
SL : 265 WCB
TF: 1-3 months
The stock has decisively crossed and closed above the long term weekly resistance level of 265-266.
We also have a potential Weekly Golden Cross coming up next week (golden coloured MA crossing the green coloured MA)
At the same time, overhead resistance at 295-298 (blue TL) can possibly lead to slightly extended consolidation/sideways movement.
One can either buy West Coast Paper at cmp or wait till the stock gives a daily close above 295. In any case, West Coast paper is a great short to medium term buy with minimal risk and significant upside.
Target: 348-370-394 and beyond
SL : 265 WCB
TF: 1-3 months
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