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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by PROtradingon Oct 12, 2016 10:29am
79 Views
Post# 25334617

Charts tell me to reshort again!

Charts tell me to reshort again!
Oh well,  this looks like it was a relief rally from oversold late yesterday after that impressive dump. 

This thing has no volume momentum which means that what's going to happen next isn't going to be pretty for longs....

The CEO and chairman of the board isn't going to kick himself out.  When he starts to buy instead of selling, then I'll be worried.

Hey craigbad, I know the other "true" short isn't going to tell us here when he covers, will you? ;-)

I don't have any special information available so I'm just using charts, L2 (lot os sellers on the ask!) and other publically available tools to trade.
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