RE:RE:RE:RE:RE:exotic chart to look at if nothing better to do 190,000 traded yesterday.................... Labour day holidays started early.
anyway......... traded about 23 million so far in August and more than 36% of that total volume was August 1st when BMO and Instinet crossed large blocks.
add the 2 million at Scotia and we have certainly been on the repositioning and accumulation side BUT with little to no price action.
last downturn in the stock was 5 qtrs - Q3 2014 to Q2 2015
this downturn looks like it was 6 qtrs Q4 2016 to Q1 2018.
if you look at a 5 year chart here it is pretty easy to see the lower band of a 5 year channel with a nice straight line taking us to the current $2.20 range as the bottom line target right now.
little harder to draw an upper channel; hazarding a guess i would ignore the 2016 spike from the large dividend and speculate today's top of the channel could be about the $3.30 range which is inline with the Scoti'a target.