The security is back near an important support area which could provide an interesting target price to buy in.

The short-term downward trend is undergoing a weakness in contact with the medium-term support of 19.11 CAD. A new bullish trend is set up to aim at moving average 100 periods currently placed at 22.4 CAD.

The company still has strong fundamentals. The group's core business shows an important potential of growth. According to the consensus from Thomson Reuters the revenue is expected in sharp increase with growth of 100% and for the future 2013. Currently, in terms of valorisation, the share capitalizes 7.38 times its revenue, which shows an attractive valuation. In addition, at current price, the share is paid 19.32 times its earnings for this year, and thus has a potential of revaluation by the stock markets. The analysts have revised regularly their objective for earnings per share for this year. For next year, these earnings should rise by 4%.

Investors interested in this company, they could place a buy order in the support area of 19.11 / 19.97 CAD. We could set a target price in the area where short term resistance is situated at 23.23 CAD. Our stop loss will be placed under medium-term support of 19.11 CAD.