TSX:CHE.DB.E - Post by User
Post by
JYBJYBon Feb 20, 2021 7:54am
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Post# 32617906
Reason for optimism
Reason for optimism We barely finished on the better side of the "tops" trendline. The 9, 20, 50 period averages have bullish crosses on the weekly time frame. The 20 ema is right on our tail.
Even a sideways move is a small victory right now as time is on our side (with respect to the trendline)
That does not mean we couldn't set up in a newly formed descending channel, but this is just prognostication.
Analysts view aside, until the chart and the earnings report/forecast show true direction, we should all remain cautiously optimistic imo