That was my expectation which I posted on HC after the recent surge and subsequent pullback. The only thing I find surprising is how long it has held over $3.5, given that many of the buyers during the surge were hoping for a takeover announcement any minute.
We’ll see though, if a positive announcement does eventuate the retrace will stop dead in its tracks. If not, I’ll be back in under $3.3 to ride the next wave.
CAN Price at posting:
$3.49 Sentiment: Sell Disclosure: Not Held
