MONICA RIZK and RON MEISELS
Domtar declined from $63.91 in 2015 to $41.62 in 2016 (A-B) and found support near the latter level for about one year (shaded area). It rallied above the falling trend-line (dotted line) and above its rising 40-week Moving Average (40wMA) recently to signal renewed investor interest and the start of a new up-trend (C).
Behaviour indicators including the 40wMA and the rising trend-line (solid line) confirm the bullish status. Only a decline below $49-50 would be negative.
Point & Figure measurements provide targets of $59 and $64. Higher targets are visible.
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