jademarvici

Long IFP

Long
TSX:IFP   INTERFOR CORP
I like this on a breakout, will be adding Monday regardless. I am guessing lumber will rebound upwards from the big gap down we had, when the RSI has been at these levels it has been a good buy recently. I don't trade lumber futures as they are too illiquid for me, I like to play it through equities. this looks good too me because we are breaking out of a cup and handle, ATH'S. Had some relatively large lower wicks on last week or so's candles(something that usually is pretty bullish in my observations).
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