Nice breakout to the upside on the monthly and weekly here
We want to see that follow thru over the rest of the week
I am looking at some monthly calls at $16 for November
New James Bond October 8th you already know I will be there
$CGX's pattern currently looks like it could be forming an inverse H&S on a weekly. If validated, the target would be around $27. Canada is progressing very nicely in vaccination effort, with COVID case counts being steadily being lowered. Once the economy is reopened, 2021 is packed with good movie releases and Cineplex will soon be able to boom once more.
CGX has fallen off a cliff since ATH,. It's attempting to form a Higher Low on the weekly, needs to be set above 22,88 $ and see a Higher High first over 26,32, and then 28,91$
