Idea for Canadian National Railway:
- An interesting thing has occurred. CNR approached Kansas City Southern (KSU) with an unsolicited offer that would merge the companies to become the first and only single railroad to cross Canada, the US, and Mexico. A combination of either CNR or CP with KSU would do this. Naturally, CP will want to stop this existential...
If you were looking to get into CPS Technologies Corporation (NASDAQ:CPSH), now might be the last chance you get to get in this low. The stock should rebound solidly making these $8's look like quite a bargain down the road.
NSC - Ascending triangle, Rail sector news. Canadian Pacific Railway (CP) To Buy Kansas City Southern (KSU) In US$29 Bln Deal. NSC is forming an Ascending triangle on daily TF. There will only be 5 rail stocks left with a positive ROI, based on Finviz.com screener.
The CP daily chart is breaking out of a bull flag pattern during today's session. Seems that a lot of charts have been forming this pattern lately, a very bullish sign overall for the market.
Note how price is beginning to move above where there would be much volume action. Let's see where this stock closes today & if there is any continuation in this breakout.
Looking at the last price drop and current support/resistance levels I do not expect the price to go down below 185? so you may tune your SL to wait until the price go up again.
There are two entrance points: now at 210 and at 200, which is the round number and support level as well.
I have noticed many times pricing will run back up to a "double peak" in the 34 period or 340 period. In this case CP has popped back up to the 340 SMA double peak from previous levels... I'm sure a fib guy can step in here and explain the retrace in 3....2....1....
brschultz aka markettimer777
Here's a possible movement for the next 3 months till mid-end August.
You can find further information about my chart and idea in the chart itself in three separate Black Boxes (so called black wall).
Please note that every chart posted about companies is build on information build and based by many different medias and gazettes.
Part of it is also...
Long term trend resistance and Fib Resistance channel lead me to believe that CP Rail is about to take a dive.
A healthy retracement is required for long term growth to continue.
Comment your thoughts!