Weekly Cup & Handle - Cineplex
Weekly Cup & handle formation spotted on CGX.TO. Canada is opening up, the possibility of another lockdown is low with an upcoming election. If the liberal party wins for the next term, CGX will benefit due to Liberal party's plan to support hard-hit businesses with the Arts and Culture Recovery Program. (liberal.ca/liberals-move-forward-with-more-support-for-hard-hit-businesses/)
Basically the government will match ticket sales to compensate for reduced capacity.
With the cineworld lawsuit happening in Sept 13th (due to last 3-4 weeks), Cineplex has a lot of upside potentials and events to look out for. Exciting things ahead for Cineplex.
Basically the government will match ticket sales to compensate for reduced capacity.
With the cineworld lawsuit happening in Sept 13th (due to last 3-4 weeks), Cineplex has a lot of upside potentials and events to look out for. Exciting things ahead for Cineplex.
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