XVX.TO is an Active Long & Long-term Trade idea that was first added as a setup on Jan 17th (click here to view the previous notes if interested in this trade). Since that last post, the $CNDX (TSX Venture Composite Index) did go on to trigger an entry on the trade by clearing the 980 resistance level. From there, the exchange gained about 7% before coming back in to make a successful backtest of the 980 level (resistance, once broken, becomes support). All-in-all, the price action on the $CNDX remains constructive and with prices still trading above but close to that 980 support level, still offers an objective entry or add-on for a long-term trade or investment in the XVX.TO. To reiterate, my preference is to use the $CNDX chart for timing entries & exits in the XVX.TO. Updated daily charts below.
$CDNX daily April 3rd
XVX.TO daily April 3rd