Shares of ATD.B and ATD.A are Bullish & Oversold

TSE:ATD.B , ATD.B @ TSX , ATD/B.TO

Shares of Alimentation Couche-Tard are set to resume uptrend. Chart shows bounce from Support line. Linear Regression (Slope) is starting to 'flatten up' and when it turns upward it will confirm uptrend in the coming days. Horizontal Support Line already confirms upside breakout and bullish reversal. See chart link https://postimg.org/image/wm9ekqtw7/

In addition, ATD.B and ATD.A shares are now oversold.

To put this into perspective, things are looking bullish. In the past 12 months, ATD.B was oversold 5 times:

Aug 24: Oversold. Result: Bullish Rally!

Oct 30: Oversold. Result: Bullish Rally!

Feb 5: Oversold. Result: Bullish Rally!

April 27: Oversold. Result: Bullish Rally!

June 17 and 21: Oversold. Result: pending... If history is to be repeated, this double-oversold will result in a 10-12% rally.


Read more at:
1. http://www.stockhouse.com/companies/bullboard...d=24984265

2. http://www.stockhouse.com/companies/bullboard...d=24986155