FirstService Corp - FSV - Could It Be Time To Buy Back In ?
See a Weekly Chart of FSV, attached.
FSV is a stock that trades super predictably on a technical basis.
Arrow shows almost a perfect 2.618 extension from the COVID crash.
Also note the top was on the bearish divergence on RSI, almost to the dollar (yellow circles)
To buy back in, I'd be looking @ $113.95, the pre-COVID top. I'd also look for bullish divergence on the RSI, as it is very much oversold.
Fundamentally, FSV is beyond solid and I have not sold a single share since I got into it in 2002. It is my best performing investment of all time.
FSV is a stock that trades super predictably on a technical basis.
Arrow shows almost a perfect 2.618 extension from the COVID crash.
Also note the top was on the bearish divergence on RSI, almost to the dollar (yellow circles)
To buy back in, I'd be looking @ $113.95, the pre-COVID top. I'd also look for bullish divergence on the RSI, as it is very much oversold.
Fundamentally, FSV is beyond solid and I have not sold a single share since I got into it in 2002. It is my best performing investment of all time.
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