Canadian National Railway has huge upside potentialA decades old trendline still unbroken after months of correction, the Canadian economy seems to be in a great position considering the circumstances. After conducting a simple technical analysis predicting a second leg up the upside potential is enormous if I am right about this. The downside is I am looking at a monthly chart so this will need to be a position trade or long term investment to achieve the desired results. Even if my target is reached I will likely hold onto the stock for years afterwards because the company will continue to make money. The intrinsic value for CNI is between $120 and $225 so it is well below the intrinsic value making any new position on it now at a bargain deal. I will likely be allocating a significant portion of my portfolio to it in the next few days to weeks.
