RE:RE:Looks like we just got... Keeping in mind the fact that chart reading has severe limitations, I would agree that the Feb lows at 1.12 are important support.
https://stockcharts.com/h-sc/ui?s=FCU.TO&p=D&yr=0&mn=4&dy=0&id=p46434437730
Thursday's down was on the highest volume in 3 weeks and is near term negative.
There was a trading "gap" in Jan from 1.05 to 1.12 and some chartists would argue that it needs to be filled.
However, I read that gap as a "break-away gap" that occurred on high volume.
Break away gaps tend not to be filled, so I don't see SP going that low.
Momentum indicator STO is now oversold and RSI has come down from very overbought in early Mar, but is only moderately oversold.
So, the bottom line is that breaking 1.12 would look negative for the short to intermediate term.