hi traders
Let's have a look at CAE on 1D time frame .
The price has been inside the rising wedge pattern.
The possible scenario is shown on the chart.
You can enter short once the price breaks out of the wedge.
You can also short the horizontal resistance if the price goes there
Good luck
We have been going sideways since march, I am leaning bullish here given we haven't broken any significant levels to the downside pointing more to an accumulation period / profit taking, no signs the sellers are gaining over hand
Quarter setting up nice hammer to the upside potentially and the yearly can still go 2 to the upside with 3 months left.
Cae looks good to me here again.
Not the first timw i post this canadian company.
Massive channel forming after the move up. It has been consolidating for a while.
We even see an ascending triangle towards the end of the channel forming.
Once we break the top white line we can see a nice move up.
DYOR.
A good canadian company that i am familiar with.
Looks to have double bottomed and is regaining the 200 ma, ~39 is the major resistance.
We need to get back above the 200 ma and hold hopefully.
I think this can move well past 40.
There was a nice close to see.
Interesting to see how this plays out.
This company offers trainimg simulations for airplanes and military.
A great long term hold. I was owner at 22, now i am looking at it again.
Could see 40-42$ in a few months.
$CAE is projecting with a neutral outlook after a Positive under reaction following the earnings release with price trading around the median line.
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another must have
still 10 % growth before resistance
Canadian manufacturer of ventilators , contract to train Canadian Fighter pilots on SAAB Gripen equipment
It seems like volatility is starting to enter the market again and people are starting to be fearful again. What will likely happen is during waking hours the market will drop while overnight feds will pump causing a lot of chop in the overall market. Meanwhile certain sectors will continue to get hammered while that occurs namely the airline sector.
I like this...
Hey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. CAE have a bearish pattern; it may be that this rolls back out your winnings!
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This strategy comes from market profil structure.
The SINGLES PRINTS created by a 30 min candle that goes over a previous 30 min candle
creates a supply or demand shift in that area...You use that area as a bias for direction.
CAE broke out from an Ascending Triangle pattern on November 8th. Since then the price pulled back right to a 50% Fibonacci level where it seems to have found support & is attempting another bullish leg.
I have used the Fibonacci Extension to project three potential price targets at the 50%, 61.8%, & 100% level.
