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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by TACTon Oct 22, 2015 5:55pm
198 Views
Post# 24218476

RE:RE:Price Analysis

RE:RE:Price AnalysisI like that RSI14 had been oversold below 30, generally when it rises/closes past 30 its a long signal. RSI 30 level equates to about $37 level. RSI 50 equates to about $59 and overbought above RSI 70 level equates to $111. Ok, that doesn't seem a likely rebound 111 but certainly the 50% 'average' closing price strength of past 14 days as measured by RS14 and $59 seems doable. Here it is on a 1 year daily chart shown at just under 30. The red line is the 100 day sma average of close. Candles are coloured acording to there close relative to the 100 day sma, close, high and low line
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