Q: Hi 5i,
I have received this "Daily Bull & Bear Report June 15, 2015" from TD Direct Trading.
"Cipher Pharmaceuticals Inc CPH (TSX)
Head and Shoulders Top -
Trading closed at $10.92 to confirm a Long-Term Bearish Head and Shoulders Top pattern
Tells Me: The price seems to have reached the end of a period of "distribution" at the top of a major uptrend; the break down through support signals a reversal... more details
Bearish Event - 83% move possible"
Their target price range is "$1.00 - $2.75"
Is this bleak forecast realistic?, should we have "fire sale"
Thanks,
Morris
I have received this "Daily Bull & Bear Report June 15, 2015" from TD Direct Trading.
"Cipher Pharmaceuticals Inc CPH (TSX)
Head and Shoulders Top -
Trading closed at $10.92 to confirm a Long-Term Bearish Head and Shoulders Top pattern
Tells Me: The price seems to have reached the end of a period of "distribution" at the top of a major uptrend; the break down through support signals a reversal... more details
Bearish Event - 83% move possible"
Their target price range is "$1.00 - $2.75"
Is this bleak forecast realistic?, should we have "fire sale"
Thanks,
Morris