Once again the usual then, 24th March 2016, and now charts;
From the peak this stock had lost about 21% and is presently rebounding in, what we think is wave 4 of 3. Whatever, the target for this round is at about $20 so we are not done yet by any means! Actually the drop so far has occurred at a much slower pace than one might have expected given the wedge-like structure over the two years or so going into this drop. Perhaps Canadians are encouraged by our CB Governor Poloz’s latest comments about another 18 months of the same, that is wait and see what happens. We thought that was the policy all along.