Hi Tom. I had a look at that CSW view of the BCE weekly, five year chart.
I do see that triangle which looks like a pennant (I think) if the run-up from Oct 1999 to April 2000 is the flag pole.
It will be interesting to see if it does indeed break up from here. (No pun intended.)
It is unlike most other tech charts for sure, in that it didn't retrace most of that flag pole gain. That move they made in splitting off Nortel, and then divesting the risk, was obviously a good one.
On my usual view, a daily six-month chart,
stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]
there have been a couple of good entry points, in April and again in mid-June.
The MACD is rising and the ADX does suggest a strong trend is beginning.
Looks to me, expanding that to a daily one-year chart, like there will be resistance at about $43.
It'll be interesting to see if it takes that out.
I do not have a position here.
Cush |
