TSX:CLS - Post Discussion
Post by
bossu on Nov 26, 2021 8:26pm
Good place to put some ''powder''
t have been in this morning !
Bullish on Celestica Inc.
Celestica Inc.
(Friday’s close $13.84) declined from $19.94 in April, 2017, to $8.26 in June, 2019 (A-B), and then stayed in a horizontal trading range mostly between $7.50 and $12.00 (dashed lines).
The recent rise above the top of this range signalled a breakout and the start of an uptrend toward higher targets (C).
Behaviour indicators including the rising 40-week Moving Average (40wMA) and the rising trend-line (solid line) confirm the bullish status. A minor correction toward $13 would provide a good entry level. Only a sustained decline below $11.50-$12.00 would be negative.
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