green_brow
Long

Maxar Technologies Rebound

TSX:MAXR   MAXAR TECHNOLOGIES INC
Found support at the 23.6% retracement. Very over sold on the RSI and turning around in the RSI and the Stochastics. 1 week heikin ashi is indicating reversal.

Fell through previous support, which is the first sell target. This matches up with the 38.2% retrace, around $50 - $51. If it breaks this resistance we have two more targets. The first is the previous support line, as well as the 50% retrace, about $60. It was also rejected at the 200 day MA, so it is important to watch this as a key point of resistance. If these two break, we are shooting for the 78.6% ($85) and the previous resistance ($90).

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