# West Coast Paper Breakout
1. Forming small candles with higher highs & higher lows for 3 days near Resistance (579) usually result in a breakout
2. Price above 20, 50, 100 & 200 EMA's
3. Close within 52W High Zone 663.95 (-13.2%)
* Educational purpose only
Paper sector is booming due to adversarial move in crude price and long term negative impact of plastic on environment. this was the economical and sentimental change in though of investors, which has caused the price to move in tandem and stronger than nifty. However tenkan kijun and cloud B have become flat and price could be attracted towards it.