Timber stocks poised to move higher

Timber stocks rallied today. We can see JTiasa & TaAnn have both surpassed their downtrend & immediate horizontal line. This could be due to increased demand for timber from Japan as well as anticipated demand from Thailand due to the damages from the current flood. In addition to these two stocks, you may want to check out WTK and Lingui. It may be safer to get into WTK & Lingui & wait for the play to spillover to them.


Chart 1: JTiasa's daily chart as at Oct 31, 2011 (Source: Quickcharts)



Chart 2: TaAnn's daily chart as at Oct 31, 2011 (Source: Quickcharts)



Chart 3: Lingui's daily chart as at Oct 31, 2011 (Source: Quickcharts)



Chart 4: WTK's daily chart as at Oct 31, 2011 (Source: Quickcharts)