I am not a guy whom will tell anyone to ever short any stok, i am not in that leagues. But if i look well to this chart i am seeing a clear H&S forming, or formed, i am not sure 100% just because the last leg was not a fractal. Still is a 21 day pattern that was clearly formed. If we go by the book from top of the head to the bottom is 8.6%, i will say if this is confirmed and the price will do its retraction we will have a minimum 8.6% retraction in to area of C$ 10.36. i personally love this stock i like to trade it , i did trade it in the past and i will re-enter again if this pattern will confirm
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Looks like will be going down for some time, just a reminder Credit Suisse still believe on it and they again stress their target is US$10.50 ( that's about 20%)
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I entered Long as in my view this is a confirmed pattern. T3 is C$13.08 interesting enough the target that Royal Bank projected. Credit Swiss still looks for US$10.50 which will be around $C14.00 i'm in with a stop under X