Q: Today, Scotia upgraded Power Corp's price target to 38. Considering it's at 32, its last quarter was better than usual and the PE of 10x, I then look at technicals on TD Waterhouse. Short-term signals are more bearish than bullist (9 versus 5). I scratch my head...
How can I know if technicals are worth considering when deciding to buy a stock? Are there a few signals you always look at? Maybe resistance levels (setting limit buy orders right above a support)? I'm not a day trader, but I would like to use technicals if on average it gives me better prices.
How can I know if technicals are worth considering when deciding to buy a stock? Are there a few signals you always look at? Maybe resistance levels (setting limit buy orders right above a support)? I'm not a day trader, but I would like to use technicals if on average it gives me better prices.