BTCanadian

BTCanadian

It is looking it will consolidate for quite some time, however, they have just acquired the license for a facility in Aldergrove B.C. It will be interesting to see if it remains bearish during the primary phases of that operation. There's an indication it might retrace the .236 Fibonacci, where it intersects the upward trend line at this point, because support has...

BTCanadian

So, it looks like it has traced back down to about as expected, and still bouncing off that resistance line. I do believe that we have reached a new level of support, indicated by the dotted blue line, and it should position itself down slightly to intersect with the EMA18 on the Bills-3. What we really need to do is full break the resistance line to confirm the...

BTCanadian

It would only be safe to assume that CGY it is going to test ~32.40 again at the 0.5 Fibonacci retrace for confirmation. There is some seriously heavy resistance, indicated by the dashed red line at this mark though. If it can hold above for a few bars, I do believe that there is some buyer conviction coming through. but we will see where we end up after today's...

BTCanadian

We can see that it it has held support at the .382 fib line, hopefully it can hold. Do you think it will continue sideways or breakout after being squeezed into the triangle?