QSR - Tim Hortons - Is it finally time to buy ?
After making a high of 87.32 in may 2021 we had a pullback of exactly 20% to 69.42 low in October
Now at $75 and only down 15% since that may high the chart is looking good for a reversal.
The action on the monthly window is quite positive now that it has broken to the upside forming an outside candle in the process which is bullish
That being said we have 23 days left in the month so that candle can still go in any direction but the fact that we have already taken out last months low and high only a week into the month is a positive sign there is momentum building.
Now at $75 and only down 15% since that may high the chart is looking good for a reversal.
The action on the monthly window is quite positive now that it has broken to the upside forming an outside candle in the process which is bullish
That being said we have 23 days left in the month so that candle can still go in any direction but the fact that we have already taken out last months low and high only a week into the month is a positive sign there is momentum building.