RE:negative technical events
I use TA and understand it. I know in the end, Fundamental rules in the end.
The only thing that TA does is to know about when it will happen.
In CXR's case, since the stock broke down BIG in Sept to $25, then a lot damage has been done.
For this reason, it will take about 6 months for it to get to its right value of $120CND (assuming the integration goes smoothly).