SRU.UN (TSX) could fall to 25.00
Updated
* February was an inside month
* January it went above previous Q4’s high, but was smacked down
* As of March 3, it looks like it was still stuck in a trading range
* As of March 13, it's coming back down! Now more than 50% of the way through the previous QUARTER’S candle.
* #TheStrat would call this Full TimeFrame Continuity DOWN
* Next targets are previous quarter’s low: 25.03
* And then previous year’s low: 24.94
I MAY buy a put on this IF it is reasonably priced and it breaks below 26.09 again. TSX options are very thinly traded so it'll depend on whatever the algos price things at.
* January it went above previous Q4’s high, but was smacked down
* As of March 3, it looks like it was still stuck in a trading range
* As of March 13, it's coming back down! Now more than 50% of the way through the previous QUARTER’S candle.
* #TheStrat would call this Full TimeFrame Continuity DOWN
* Next targets are previous quarter’s low: 25.03
* And then previous year’s low: 24.94
I MAY buy a put on this IF it is reasonably priced and it breaks below 26.09 again. TSX options are very thinly traded so it'll depend on whatever the algos price things at.
Note
Strong support around 26. I am not trading this at all right now.Note
Still a big nothingburger here.No bullish indications, no bearish indications.
I'm still not trading it.
Note
WOW this thing fell like a rock.I own some with a cost basis around 26.
I will probably average down when I get a chance. I personally like the company.
Trade active
I own a bunch at a cost basis of 25.54
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