Fairfax shares have had a couple of good days. Yesterday the stock closed 5.5% above Friday’s low. Given the rally in US markets last night, it wouldn't surprise if today was another positive one.
That said, for chart followers, the medium term down trend remains in place. The share price dropped below trend line support a couple of weeks ago and continues to make both lower lows and lower highs. The 20 day moving average is also pointing down and recently crossed below the 40 day.
A move through the low at .99c may create a reason to reassess bearish bias. But unless that happens, Fairfax is on my watch list as a stock that might produce a sell opportunity if this rally continues over coming days or weeks.