A couple of things to keep in mind when you look at products like the CSB and GIC’s. These are designed as retail products for small investors. The way that these products are created is by shaving the yield from an underlying asset reducing your return.
What I also see is a small double bottom off support which is a reversal pattern indicating that the selling that started in the middle of January could be coming to an end.
If you are going to get involved with HSE make sure to trade it in the channel and watch for breaks below support and breaks above resistance. Right now it looks like the stock is poised to bounce off its lower support so it could be a good entry point for a channel trade.
At this point there is no indicator signalling a rise in the price of the units . Why own what is essentially an equity if it doesn’t seem to have an upside?
