RE:RE:RE:Here We GrOw Again...Acquisition of C&V Custom Modular I don't think it's tax loss as much as it is trading in tandem with the Canadian energy sector again .. I suppose as a result of energy players jumping on board in the anticipation of the LNG announcement......it's like the modular construction division that is near to matching the industrial services division in revs doesn't exist again ..
Then add to that I think the stock is being played more heavily by the bandits on Bay St....still I was surprised and the stock had no business losing support @ 2.70ish imo
It's criminal that BNN permits the likes of Andrew McCrusty to go on air the morning of the LNG Canada announcement and pump HNL proclaiming this is a good opportunity as they are a huge benficiary to this news and then within 2 days casually writes on his blog the LNG binary event provided a good 'trading' opportunity in HNL ..uh huh
He likely got off camera and sauntered over to a computer terminal then clicked 'market sell' which set the 'sell the news' tone here and for PONY the other one he pumped that morning
I'm even willing to bet he flipped the script and went short to enhance his 'trading opportunity'
Technically it has become more predictable with the Bay St. Bandits pushing their weight around... after it gave up the 50 DMA @ 2.69 it went down to touch the 200DMA ahead of earnings where there is also a trend line taken from the first higher low set back in Dec '17 (chart not shown that far back but that's where it starts)
Then there were 2 gap up days one of which were the earnings ... pesky gaps are now back filling as they do more often than not and we are approaching the trend line again looks to be around 2.43 and 200DMA currently 2.415 and should be good support
Here is a chart with support & resistances/targets in yellow, the trend line is black the 200 red the 50 blue .
I have to admit I peeled off a few in the 3's but if you've been here a while you know I've been a proponent for this story since the 1.40's ... so in that sense glad to buy some back on the next reversal North ...if you can't beat them trade with them
Hope one of these links works no idea how to post the chart here bare with my experiment
https://www.tradingview.com/x/zZEDkln4/ https://www.tradingview.com/x/1Nt5YluT/