RE:TA analysis?Nuttin Wrong with 18-24 guys, weeeee
Money10179 wrote:
Hey guys, Im a new member. I have been lurking for a while now and thought I would sign up to gain some insight and hopefully learn somethings along the way :) Ive been trading this since $30.99 and have been trading the ups and downs since (mostly ups until the last 3days!). I have been watching the charts lately, (I'm no expert!) but is this showing a continuation wedge pattern? It closed over $47.30 on the day, (which is good imo) but if this goes down more on monday again it will confirm this pattern imo. I hope I'm wrong, but can it fight the trend? Its at the very bottom of the trading range trend lines. Rbc is showing target price range of $18-$24 (Cdn!) if this pattern confirms! I really like the company, but are their fundamentals good enough to beat out the TA? A lot of weakness in this sector currently and Im starting to wonder if i should just start watching from the sidelines... Any thoughts would be appreciated. Thanks in advance, cheers