PaulYoung
Long

Loblaw

TSX:L   LOBLAW CO
34 0 0
Loblaw Co is likely to achieve targets in the price channel in February 2014. Breakdown-rollback diamond at the upper boundary of accelerated channel has already occurred. You can buy with target at 65.10, where the main channel converges with accelerated one. Some delay in movement is possible at the level of 61.22, the level at the top of the diamond, when this level is overcome, you can add to open position. The expected duration of trade is 2-3 weeks.

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