TSX:CPG is also in a channel. This one is almost a year long; and longer term view...does not look very good. lot closer to ATL's vs ATH's
If its move from upper end of channel to lower one takes roughly the same time as last couple instances; i think it will likely hit that lower range around 8.35 close to the end of the month (may)...another 2 weeks or so.
It may try to bounce a little (as it did the previous time hit upper channel); but unless something fundamentally changes, i see no reason why it would break a year long channel now.
If its move from upper end of channel to lower one takes roughly the same time as last couple instances; i think it will likely hit that lower range around 8.35 close to the end of the month (may)...another 2 weeks or so.
It may try to bounce a little (as it did the previous time hit upper channel); but unless something fundamentally changes, i see no reason why it would break a year long channel now.