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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by PROtradingon Sep 30, 2016 10:45am
84 Views
Post# 25294825

Watch the charts!

Watch the charts!
One of the reasons I'm on this one is to see what a big whale does and it keeps sinking.  If you watch the TA charts (candlesticks and overlayed TA indicators), you see a confirmed downtrend (which will need a real catalyst to reverse) and the stock correcting to oversold with overboughts.

Right now for example, we went from $5.85 oversold to $5.97 overbought on the 5M period chart with no volume.  Alas, it's heading right back down.

It's like seeing an animal suffer a slow death.  I really hope the new NR can either kill this thing for good or provide a real mirable (not some BS PE "leaked by sources close to Concordia", as shareholders were fooled with earlier this year)!
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