RE: RedDeer support level What happened to that support level you asked?
Well it did hold for quite a few weeks but then the overall very nasty markets took hold and the downward move was further exacerbated by the rather unremarkable last earnings report.
So now that the support has been broken (and looks like we are now forming the current support/base levels) that 1.20/25 then likely will become RESISTANCE to the next upward move of ABM down the road as per technical analysis theories, of which I am not particularily a great fan of.