TSX:MAX
After the double bottom on Jan 23 at $6.38 there was a 30% move to the high of $8.28 and since then we've had a pullback and healthy consolidation/potential formation of a bull flag. Notably there has been a daily decrease in bear volume and support has formed at $7.23/$7.30 range. $MAXR priming for the next move (up or down).
MAXR has been in a daily downward trend since Nov 15, 2018 and stayed in the channel between the horizontal purple lines. With the loss of WorldView-4 Satellite on Jan 7 the market reacted negatively and shorts took full advantage causing the break of the lower horizontal line in the channel. This trend line has now formed resistance on the descending wedge (See...
MAXR has been in a daily downward trend since Nov 15, 2018 and stayed in the channel between the horizontal purple lines. With the loss of WorldView-4 Satellite on Jan 7 the market reacted negatively and shorts took full advantage causing the break of the lower horizontal line in the channel. This trend line has now formed resistance on the descending wedge (See...
