CINEPLEX INCLong
Cineplex CGX possible double bottom reversal, Bullish daily RSI
Cineplex has potentially formed a double bottom here with a price target of around 22 dollars. Supporting this is the Daily RSI which should break out of the descending wedge any time soon now. Key resistances are shown on the chart. Ontario full reopening soon on or after the 16th of August with many blockbusters crammed between fall and new years. Also the lawsuit with Cineworld should settle around September-October.
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