This Canadian Stock has been under selling pressure since the end of November 2024 and while oversold, it could easily continue to decline as investors show little interest in the stock. It is the level the stock is presently at that makes it attractive.
This trade was done on the TSX Index in Canadian dollars.
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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