RCI, Bear Flag On The Daily As Well As The 4hr Analyzing both the daily and 4-hour charts reveals a very prominent bear flag, which has formed following a steep decline. This pattern is often indicative of further downward movement, and it's hard to ignore the implications.
Word on the street is that they're currently in dire straits. Since the Shaw acquisition, they've hemorrhaged 11 billion in valuation. The situation is exacerbated by declining revenues and missed growth targets. In short, it's not looking promising.
If the trend continues downward, we might see the price testing the $19 USD mark sooner rather than later.
For those who are currently long on this or have any vested interest, it might be prudent to reconsider your position and cut your losses before it's too late.
