for 11 years the stock showed weakness, it is time to sell and short the stock.
58$ is a good area to close your short position.
Close any long position
The blockades by protesters in Canada (against gas pipeline) will hurt revenues and earnings this quarter more than expected. Earnings projections by analysts and investors will have to be revised downward.
CNI has an Island Reversal pattern from a small gap down in early October to the gap up a couple of weeks later. Bullish momentum has continued with a couple of strong volume bullish days to show the transition. If the price can hold above $86.60 then the bullish momentum should continue.
The top and bottom line numbers for the company were all strong. Net income was up 27 percent, operating income rose 7 percent, and revenues were up 9 percent. Operating expenses rose 10 percent, a number that was boosted by the fact that the company hired 350 new conductors as part of its growth project that is focused on numerous areas of the system, with a...
An intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the downtrend movement close.
PLEASE NOTE: Initial stop loss is set at 75.09 instead of 131.46 as shown in the diagram.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past...
The current break of the 50 day moving average is a retracement towards the 'C' leg. This represents a potential buying opportunity both in the short and long term.
The chart shows two ABCD movements up along the long-term trend. The main ABCD and a minor abcd forming within the main.
The Canadian dollar rally over the last 5 weeks caught everyone flat footed. Don't be caught again - CAD will weaken and this will pay you a dividend while you ride CAD rail back up 10%.
one more low risk trade
CNI created cup & handle continuation formation and looking bullish
retest also happend
long term price can attack 75 area but the market is choppy so maybe if price brakes above 70 rebuy and hold to 75 with 96 as support
