Hudson's Bay Co. HBAYF

RE:RE:7 percent drop

[NotDrake]

Problem is this was oversold at end of Q1 2016, then at end of Q2 2016, then at end of 2016/start of 2017.  I think we could be at a very short-term bottom but mid- and long-term technicals point to a still present downtrend/cap on price.  I think we are months away from working out negative pressure whether it stays flat around this range or as I suspect will hit $8 or at best $8.50.