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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by Craigbadon Nov 29, 2015 9:16am
97 Views
Post# 24335967

RE:RE:RE:This is why I created the alternate forum...

RE:RE:RE:This is why I created the alternate forum...I personally like to see all views on any stock i own. TA is part of my process, as well as fundamental analysis. I will point out that if people were following TA they have turned this large downturn into large profit. The downward spiral of this stock happened when the stock broke the 200dma on Sept. 25 when the stock price was $79.63. This is a dump point for many funds, which was a large cause of the rapid decline. The bearish triangle then pointed to a share price of $33.00. Many were ridiculed for pointing this out, but the price actually went lower. Now the price points to $58.00-63.00. I think it foolish to not consider both TA and fundamentals and i hope we continue to see both on this board. I play swings both ways but am open to learning what ever i can from others on this board for short term trades. I think this is a great stock to own at this level from both a TA and fundamental aspect but i will consider any contrary opinions at my own discretion. Happy trading.
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