Strong channel from the pandemic lows. Not getting the volume yet, but this may be early. Key is the 55 EMA as it has been strong support along the way. Not oversold daily and running sell divergence monthly. Shorts in this market need to be choosy but this wouldn't be the worst choice.
200 - 500 SMA moving channel trade on the daily. Target 176ish. Stop double close above recent high.
My strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
Intact financial stock price has been resilient and clearly maintained its upward momentum. IFC stock’s average yearly returns are almost 12.7% which makes sense given its low volatility. Shares of Intact financial is likely to continue upward trend toward a price range between 220 and 250 by the end of 2023. If price falls between 184.8 and 190.5 it would make an...
Intact Finacia TSX:IFC) l has recently been cycling. The Chart Indicators suggest the likelyhood of a moderate gain for short term speculators.