Support is at $33.31Although I always listen to TA guys who are traders, I find they have a different point of view than investors.
The indicators on CXR do look bad on the short term 60% sell. Reference:
https://www.barchart.com/opinions/stocks/CXR.TO We also know that CXR trades with its peers, notably VRX and to some degree the IBB but we have a "unique" Canadian situation here since the VRX thing (and likely CXRX) is US driven.
For investors like me looking to add more on the dips we have support at $33.97 and $33.31, if we break this, we have more support at $28.70 and $25, we if break $25, the need for deep, deep DD is needed here.
Reference
https://www.barchart.com/cheatsheet.php?sym=CXR.TO We chatted about CXR last night at the club's get together.
Our advice is to give the CXR bullboard to the bashers, prepare as much DD offline as possible and do a bull charge at sub $30s depending on external variables? Give up the board short term and reclaim it for good lower? Comments?