TSXV:SUGR
Current price is above both the declining 40 Week MA and 200 period MA.
However, as both these are declining, bounces should not be trusted.
The price is also above the VWAP from the IPO which is positive.
Look for a pullback before making another push to the overhead trend line.
I expect price to consolidate in the accumulation phase before holding above the overhead trend line.
I will continue to monitor this stock and will get more interested in an intermediate to long-term position if the moving averages become aligned across the Daily and Weekly charts.
Current price is above both the declining 40 Week MA and 200 period MA.
However, as both these are declining, bounces should not be trusted.
The price is also above the VWAP from the IPO which is positive.
Look for a pullback before making another push to the overhead trend line.
I expect price to consolidate in the accumulation phase before holding above the overhead trend line.
I will continue to monitor this stock and will get more interested in an intermediate to long-term position if the moving averages become aligned across the Daily and Weekly charts.