VPTcory
做多

Upward Transition Started in EIF.TO?

TSX:EIF   EXCHANGE INCOME CORPORATION
69 0 1
I typically like these types of patterns. Long-term uptrend, then a deep pullback, and then we start to see the transition back to the upside. I am not in this one yet. Will need to see if I get an entry signal around the $32.60 to $32 area. Stop loss below the recent lows. Decent reward:risk getting out around $42, which isn't outlandish....and get paid a nice 6.4% dividend (depending on entry price) while waiting for the target.
Cory Mitchell, CMT
https://vantagepointtrading.com/
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