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CoryMitchell-CMT
Jul 13, 2018 4:13 AM

BIR.TO Near Cup and Handle Breakout Long

BIRCHCLIFF ENERGYTSX

Description

Generally trade stocks in strong trends, but the turnarounds can be good as well. Strong price action starting in March, with a cup and handle type formation. Provides for a decent reward: risk with a stop loss near $4.60/50.

Price needs to break and hold above $5 to signal another advance.

Disclosure: long.
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