[briansmith456]

NWC.TO to me seems OK as an entry now as it is just above the 30 EMA, and it is above the cloud. Volume is not great on weekly but beyond that do you see any reasons why this may not be a solid entry now? On the chart in red I drew the resistance line  but when you use the Weinstein method do you look at things like support, resistance lines? I know Stan looked at trendlines based on what he wrote in his book.

Thanks again for any comments on the attached chart.

Brian

NWC.TO is a trickier one, as it made a Stage 2A breakout attempt in December on more than 2x average weekly volume, and moved gradually higher for a three months, but the initial pullback was extreme, and on the heaviest monthly volume its had. So we'd normally put a red flag on moves like that, as pullbacks in the method should be on contracting volume, not expanding volume. As if you are seeing heavy volume on the pullback, then it's not normally a healthy sign. So following that it moved back into its base again, so a was a failed breakout, and then has been grinding a little higher nearer to the breakout level again, but is still below its 30 week sma currently. So if it was for me, I'd want to see a weekly close back above the top of the 2017 range. So a close above $31 with at least 2x the average weekly volume.

Thanks for your insightful observations.