-Monthly double bottom (black trendline) after a bull leg on a possible profit taking pullback right on 0.382 Fibonacci.
-Weekly double bottom right on the monthly double bottom that has been heavy traded implying shakeout(pink trendline).
-Weekly confirmation of double bottom with consequent bullish candles.
-Weekly flag like pattern that has just broken.
-Stop...
Three patterns can be identified on chart with the most recent yet to experience the right shoulder, which is a bullish phase.
Price is currently within an up channel and looks to stay that way. Perhaps the right shoulder of this recent inverted H&S will break the channel.
The PEAD projected a bullish outlook for $CNA after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 54.55%.
The PEAD projected a Neutral outlook for $CNA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
The PEAD projected a Positive outlook for $CNA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
Hey guys, CNA FINANCIAL is in a bullish momentum with a water-carrying candle shape followed by a bearish leg and a return of traded buy volume. Looking at the TIMEFRAME M1 we notice a dash with a low volume traded it goes on the top of the comfort zone to test it. There is a good chance of breaking out the price with the momentum then then the zone to access...
Now that the banking money laundering scandal has been priced in I am back to long on financials in general. This one could be a good play for short term.
