ECA downward channel after 5th rejection from key resistance
ECA.TO has been consolidating in this downward channel for the past 7 weeks after a 5th rejection from the $18ish area. This is clearly a significant breakout resistance going back for 3 years, and it makes me wonder if there is a fundamental reason for this resistance (similar to the fundamental reason for TSLA and $360.00 resistance).
The long entry on this is frustrating to pinpoint because the exact resistance is unclear, as numerous higher highs since 2015 have been met with immediate pullbacks.
This will be a really nice long once that level does break with a profit target just under $22.00.
Does anybody know if there are fundamentals concerning ECA.TO and the $18 range? I'd love to hear your thoughts!
The long entry on this is frustrating to pinpoint because the exact resistance is unclear, as numerous higher highs since 2015 have been met with immediate pullbacks.
This will be a really nice long once that level does break with a profit target just under $22.00.
Does anybody know if there are fundamentals concerning ECA.TO and the $18 range? I'd love to hear your thoughts!
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。