SCV_Trading

Cineplex Inc - Daily - Long Opportunity

Long
TSX:CGX   CINEPLEX INC
After the coronovirus outbreak and lockdown, this Cinema stock has lost almost 80% of its value and has found its support at 6-7$ per share. Additionally note that the price has just broken and rejected the 50 Moving Average as confirmation for a long entry. This is a massive long term opportunity, the company financials appear to be solid with constant growth and good free cash flow position in pre-covid period.

Always keep in mind it is a game of probabilities!

Comments