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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by greatplayon Dec 01, 2016 4:06pm
74 Views
Post# 25542717

RE:RE:CXRX

RE:RE:CXRX Nicely recovered today; no damage to chart, tested below support of $2.40 and bounced back... still is a bit shaky, buy orders tried to push it higher but large US orders at $2.52 were there. It's part of accumulation tactic, keep it around threshold and continue buying.

If money-flow was negative, I would think otherwise, shorts keeping it there to dump shares, but in our case we have positive money-flow (Chaikin), so it means money is flowing in and it's buyers who hold it and prevent it stock to rise.
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