CXR trading rangeThe treading low of November 2 and December 7 uptrend shows a possible $51 based on the weekly charts. So the weekly channel is still in place going forward in a $10 range. I mentioned earlier that no matter how much of a good stock one holds, it will not hold up the market. The Dow looks like it's still wants to reach as low as 16,400, however, CXR is holding up really well I compared to some in the energy sector or even financial sector. The Low of January 4 today? Certainly possible. Meanwhile the US/Canadian dollar index ETF is looking like a run much like last January. That could easily see 14.75-$15 by the end of this month if oil still stays weak. .
By the way, a higher US dollar should be positive to CXR with their US holdings.