The Canadian retail company is in an upward trend which could come to support the share in the coming sessions.

Moreover, at current price, the company is trading 11.14 times its earnings for this year and thus has a significant potential.

Following a bullish wave, the stock now shows a slight decline that should lead towards its CAD 69.3 medium-term support. On this level, remobilization of buyer flows would allow the stock to reach the CAD 73 resistance.

A decline seems possible on the CAD 69.3 area. It could be a basis for a purchase to target CAD 73. A stop loss will be fixed below the entry point to limit the risk.