AltaGas Ltd T.ALA

TA

[ol_griz]

I'd like to know what chartists think about targets and resistance.  Where do we go from here from that perspective?

[BSdetector2016]

I'd say that we are at resistance now and that with some positive seasonality and earnings momentum the $22 barrier will be broken, possibly easily. There is another level of resistance coming up around $23.75 but it is going further back and is not in great evidence on the chart. There is massive resistance at $28. Of course we are assuming that management will be doing all the right things

[ol_griz]

Well, we've broken the $22 - be nice to close above it.  But it looks to this layman like clear sailing to $27 - my query is whether we might run past guidance and analyst targets on a wave of enthusiasm?  I'm wondering what other predictive factors (eg., bollinger bands) might be used to set a range of chart targets?

[BSdetector2016]

I'm not sure that all that will help. There are legions of burned shareholders from the Cornhill/Harris/Watson cluster-f epoch that cannot wait to dump at their own chosen price targets. The selling pressure will be intense as this stock gets to certain price points. Not all of it will be predictable.

[marketsense]

I agree with you there BSdetector.   I've said the same thing that I expect a lot of back and forth trading as legacy holders finally get a chance to break even.    That said,  there are new players coming in to take old shareholders out as they exit.   Bottom line,  analysts like the the story and are recommending and why not?    There has been good

[BSdetector2016]

For someone entering with no history it could be an OK stock. I still don't like the fact that Cornhill is still around, and the out of favour business the company has painted itself into a corner with. Just wait until the eco-Nazis get going on fugitive methane. Mitigation measures will only add to costs and nothing to the bottom line. They had a green component but gave it away to pay for

[Teccing]

Best not be emotional about your investments.

[bttmfischer]

That is like telling someone to keep his eyes open whe sneezing. Emotions play a very large role in making decisions in investing, for many.