We can see a bearish harami which may signal the start of wave 4 and it is coming down from an extremely high rsi of 87 with the macd ticking down. We can see that the 55 ema is approaching the trend line ,which in my opinion is a likely pivot point as it will be a point of both static and dynamic support. But there is also other areas of support that may...
Looking at the Daily chart we can see that the 200 EMA was rejected 4 times. Furthermore, it is confluent with an important resistance area around 51.50. There was a recent rejection on November 12 as well on the 26. one thing to notice was how large the volume was on November 26th ending with an important bull victory. The RSI has a bullish divergence if you look...
Trend has been reversed, and stock started a decline. I suspect decline from CAD$46 to CAD$42. Slow stochastics and RSI are overbought.
Appears to be a classic correction wave to Fib 618 zone (target) Entry triggered on Friday morning session. My standard 40/50 pullback trade setup.
Notes are on the chart.