It looks like it is trading within the channel. Might need to wait a bit longer to confirm the pattern.
The pullback is healthy since the RSI shows it is in the overbought territory.
This stock is a long term play for sure.
The pullback is healthy since the RSI shows it is in the overbought territory.
This stock is a long term play for sure.
Comment:
I should not have drawn the trendline since the chart only touched the trendline twice. But we can see the stock is trading in the channel 1.5 CAD to 2.71 CAD, and for the last a couple of days, it is trading sideways around 2.71 CAD. Let's see if it will break through the 2.71 resistance line.
Comment:
Selling pressure is strong. Shorts in control. Hold strong to tough it out. Don't sell for a loss at this price. This thing will climb back up at this range.