DBM at bottom of 2-year-long bullish channel

16 May

4 consecutive higher highs
4 consecutive higher lows
all since June 2022

I like the look of this one

and I believe in the company too (Canadian Lumber)

29 May

Not

It has hit 7.10, which is as low as I thought it would go. NOW, I am waiting for a sign of reversal so I can be on the Right Side of the V

5 Haz

Not

It rose 3% today, but I do believe it could churn more. I'll put a limit order in at 7.10 and wait to see if it gets filled.
If we hit 7.50 before we retrace back to 7.10, I might change it to a market order because I'll be more sure it's bouncing.

21 Haz

Not

I do NOT like the look of this anymore.
I'm glad I waited for the bounce, which never materialized, and now we have broken down below the channel.
* Canadian Dollar weakening because Bank of Canada decreased Rate 0.25% and USA did not
* Honestly the restructure / collapse of Chesswood (CHW.TO) has soured me a bit on these Canadian small-midcaps.

5 Tem

Not

I want to see resistance and reversal at 6.44 before I get involved