Even though I'm quite bullish on the overall market, I decided to short Rogers.
1. Clearly overbought and out of steam 2. Telecomm index was also quite overbought (probably due to Rogers) 3. Wasn't quite bullish on the overall Canadian market, without American support
Red - stop Green - target
*I use a different platform for my analysis
Comments
NAPit
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It's been holding up well, so if I don't see much acceleration on the down move I'll exit around 42.50