Corus Entertainment (CJR.B.TO) is once again on the rise within the Green Favored Zone of the SIA S&P/TSX Composite Index Report. Yesterday the shares moved up 2 spots to 20th place and are up 12 places in the last month. In the latter part of 2020, the shares completed a bullish Ascending Triangle base with a breakout over $4.00. Following a successful retest of the $4.00 breakout point as new support, the shares have accelerated upward, recently snapping a long-term downtrend line to confirm that a new uptrend has commenced.
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