West Coast Paper Mills Ltd! Price Channel Chart

Technical : Price Channel Target @ 380

Chart Pattern : “Bullish Price Channel”

Main Trend Line: At 8 Dec 2017, 18 Dec 2017, reaction lows formed the beginning of the main trend line .
Subsequent lows in 03 January 2018, and 10 January 2018 confirmed the main trend line .

Channel Line: Once the main trend line was in place, the channel line beginning from the 11 Dec 2017 high was drawn.
A visual assessment reveals that these trend lines look parallel. More precise analysts may want to test the slope of each line, but a visual inspection is usually enough to ensure the “essence” of the pattern.

Bullish Price Channel: Subsequent touches along the main trend line offered good buying opportunities in mid- 18 Dec 2017, late May and mid-August.

  • The stock did not reach channel line resistance until 22 Dec 2017 and 26 Dec 2017 (red arrow) and this marked a significant reaction high.

  • If channel line resistance break with an acceleration above marked (blue arrow). Then Some analysts might consider the stock overextended after this move

Strong Fundamentals :
(Fundamental Medium Term Target 800)
(Fundamental Long Term Target 1000)

1.Total (Mkt. Cap) : 2170cr
2.Debt : 0.59cr
3. Stock PE : 16.00
4.ROE :12.64%
Comment: Enjoy the Consecutive Fresh 52 week High @ 345
Today close near 5.96% Up :-)
Comment: Fresh 52 week High :-)
Comment: Long term investors are advised to stay calm and avoid market activity.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out