RE:RE:RE:RE:RE:RE:TA analysis?ROFLMAO, you have been hanging around for a day and you know of some phantom user named Notwrong? I read every post and have not seen that name on this boar. Interesting
do you know of such a user?
ChartSchool wrote: Money10179.
I'm here to save you. Everyone new here gets treated like they are a dude named notwrong that's why I haven't signed up and just observe like you. But I use RBC Direct Investing as well so I know what you are talking about. If you click on the advanced research, it will give you RBC Dominion Securities analysis which was quoted here by a poster - that is what you should read on any stock before you buy it. The little bitty chart that you see (I know I see it too) is purely technical based on a one year chart which incorporates a chart break in Sept-Oct that resembles a company going bankrupt. Well we all know Concordia is not going bankrumpt. The technical analysis that I see is showing $18-24 at end of the event, that the chart, if you continue extending the technical lines will land on about $20 in the next 31 days. When you click on that arrow by that range it will take you to an extrapolated chart showing a progression down to that. influences. However, if you know the histroy on CXR (SEPT), you will understand that this pure technical chart is not accurate. It sees the bump up we had as only a temporary event. But we know from the fundamentals it was due to outside I use freeStockCharts.com and it shows a little more detail. What we have is support at around $47.50-$48.00. If it breaks that support on Monday, we could conceivable go down another $3 dollars. When it is outside by about $5 from the 13-day moving average, the algo computers should kick in at that point. If the support holds and more importantly if we have volume (need 300,000 by 11:00) , then we could see an uptrend Monday. I do not know where the support that we currently have will hold. The fundamentals are good on CXR its whether you can take a bumpy ride. All analysts are very positive on the company and I don't believe that any have a sell rating. Being that the range down to the next support is tight ($3.00) it is difficult to trade out of thar range and find a lower reentry - at least that's what I find.