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drchelsea1
Jun 30, 2020 1:15 PM

Loblaws - $65 Long Term Entry / Above Consolidation Ranges / $80 Long

LOBLAWS COMPANIES LIMITEDTSX

Description

0. Notes to follow;

Comment

1. Loblaws sitting nicely above the consolidation floor at $61.50;

2. Any pullbacks or weakness looks like a long term buying opportunity;

3. Currently looking at selections to weather the storm, and provide modest growth and portfolio strength going forward.

Comment

4. Currently looking like a consolidation pennant / descending triangle, which should act as a continuation;

Comment

Price Target - $80
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