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Constellation Software Inc. (CSU $3,311.96)
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Topicus.com Inc. (TOI $126.71)
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Lumine Group Inc. (LMN $26.10)
Q: What should your members be looking for with the CSU family of stocks that the worst is over, Are there technical signs volume washouts or other signs the market negativity is declining?
Thx
Thx
5i Research Answer:
There is no 'flag waving' but looking at trading volume spikes and techincals such as relative strength and moving averages can offer some clues. The problem is that neither of these three are particular liquid traders, anyway. CSU looks to have settled in now, but the other two still seem technically weak. Of course, the recent overall tech market backdrop has complicated things here, with the market rotating somewhat. Overall, though, we think the recent AI fear is probably abating, and now we need to get through final tax loss and year-end selling before establishing a more stable base of trading.