RE: Yana8 Hello Finegan, just saw your post addressed to me.
Well, technical analysis is based on confirmation. First signs of caution (as pertains to the advanacement of the stock price) appeared on January 21 and 22. Volume dried up and on the 22nd we saw a "doji" candle signalling lack of direction in the near future. So had I owned bbd at that point I'd be a seller around $4.20. The following three days saw an increase in volume as the stock was closing lower and lower each day. Then on Monday, the stock found support at its 18day line and closed higher that day. It started to look promising again at that point (this is why on the weekend I said that Monday's trading would be important). Tuesday again showed a "doji" - so more indecision. In the meantime, more "technical damage" has been done to the chart - RSI, full stochastics, etc. - all started to roll over. Yesterday and today the stock opened higher but closed at the lows of the day. What does it tell you? Are buyers excited and lining up to buy the stock now? No. Like I said - I would have been "gone" around $4.20 last week or this Tuesday.. the day after the doji. Also, keep in mind that bbd.b is prone to "short attacks" from time to time so this is smth to keep in mind also. If overall market sells off AND there is no positive co. specific news then bbd is likely to head down again .. until it finds support again.
https://stockcharts.com/h-sc/ui?s=BBD/B.TO&p=D&yr=0&mn=2&dy=0&id=p63794723554