Chartimistic

CNI - Island in the sun

Long
NYSE:CNI   Canadian National Railway Company
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.
Trade closed: target reached: Small position still open to see if the move continues any farther but most of the profits were taken off the table. Great move off the $85 level.