Q: Hi team:
Since XTC announced its Q4/YE results on 12/03 SP has really taken off and it's now in over bought territory (RSI 72.22) according the TA reports. This is accomplished no less by going again a horrible week of sell-off at the TSX.
My experience with this name is that it's SP used to slide back down every time it peaked after quarterly earning announcements. So will it stick this time? Or I should at least take some profit for now and wait and see.
What's your advice? Thanks.
Since XTC announced its Q4/YE results on 12/03 SP has really taken off and it's now in over bought territory (RSI 72.22) according the TA reports. This is accomplished no less by going again a horrible week of sell-off at the TSX.
My experience with this name is that it's SP used to slide back down every time it peaked after quarterly earning announcements. So will it stick this time? Or I should at least take some profit for now and wait and see.
What's your advice? Thanks.