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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by sunshine7on Mar 06, 2016 4:38pm
147 Views
Post# 24627860

Technically Speaking...

Technically Speaking...Looking for clues on cause and effect for CXR SP beyond the obvious tweets and VRX blow up. On the one year chart it looks like a giant double bottom each containing a capitulation event. Shorts have been building since Nov and (with the assistance of tweets and VRX) successfully cracked the first attempt at recovery. Now, the 20dma has flattened or slightly turning up. Should it cross the 50dma in the coming week, that would be very bullish. Not certain they will all stick around for the financials in a couple of weeks, but any attempt to cover shorts will certainly support the price albeit minimally at first. Most here expect the financials to fulfill expectations that debt is serviceable and revenues met or exceeded. Should that happen, SP will increase significantly as remaining shorts cover while institutions start buying and sellers remain scarce IMO. GLTA
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