RE:RE:RE:Don't Need To "Pump" EQB - Just Look For YourselfThe chart is looking very nice indeed. And also very curious how the cohodes cabal seems to have put this one to bed, not even included in Silbergleit's string of short tickers anymore. Canadian banks as a group are taking off ... as short cover positions
DividendMan9 wrote: Clearing $59.74 was important because going all the way back to late June that was the high for EQB which was made in August. On a technical basis we have a huge triangle or coil with the top line from the Feb high of 73.78 extending down through the 59.21 high of early October. The up-sloping line starts from the panic low of 35.84 extending through the October low of 55.49. Those two lines intersected somewhere around $58. We broke this triangle formation to the upside and broke through the August high. I consider myself of intermediate knowledge on use of technicals but everything here looks pretty clear cut to me for a move extending much higher.