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Chartimistic

CAE - Ascending Triangle Breakout + Re-test

Long
CAE Inc. (NYSE:CAE)  
Chartimistic  
NYSE:CAE   CAE Inc.
Trend Analysis Chart Patterns Technical Indicators CAE Ascending Triangle oversold Bullish Patterns Fibonacci Extension retest
3
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trendanalysis chartpattern indicator cae ascendingtriangle oversold bullish fibonacciextension retest
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.
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