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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > Something's going to give
View:
Post by PROtrading on Aug 25, 2016 1:56pm

Something's going to give

Man, I'm watching this stock in the highlyoversold RSI of less than 20...

Not piling in just yet because we might see this go down more but the waiting buyers are all around us.  Shorties have set they stop loses from here and as we have seen a number of time on this stock, when it pops, it pops.  As violently as when it crashes.

One of my main stock is sleeping right and downtrending.  Maybe I'll just put a buy at just under $11 CDN?

Here is the resistance and support for this bad boy.

Pivot Point 2nd Level Resistance
12.54
  
12.37
3-10-16 Day MACD Moving Average Stalls
Pivot Point 1st Level Resistance
12.04
  
11.98
14 Day %d Stochastic Stalls
 
11.87
Price Crosses 9 Day Moving Average
 
11.75
Pivot Point
 
11.74
14 Day %k Stochastic Stalls
14 Day RSI at 20%
11.63
 
Current Price
11.49
Current Price
 
11.28
3-10 Day MACD Oscillator Stalls
Pivot Point 1st Level Support
11.25
 
Pivot Point 2nd Level Support
10.96
 
4 Week Low
13 Week Low
52 Week Low
10.85
Comment by greenpasture on Aug 25, 2016 3:08pm
On this little market drop (dow) expect to see lower lows until the weekly lows are comfirmed. Last week 10.85 with 3 releases. Double bottom possible since volume has died and more shares are needed to work with. Getting close to 10 dollars again. Need some big capitulation bottom volume to ger this turning
Comment by PROtrading on Aug 25, 2016 3:15pm
I would normally agree with you but I get the feeling we already saw capitulation and this is not a "normal" stock.   We've got pirate equity... huh I mean private equity all over this. Look at the past chart patterns....
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