$CAE is projecting with a neutral outlook after a Positive under reaction following the earnings release with price trading around the median line. If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
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CAE broke out from an Ascending Triangle pattern on November 8th. Since then the price pulled back right to a 50% Fibonacci level where it seems to have found support & is attempting another bullish leg. I have used the Fibonacci Extension to project three potential price targets at the 50%, 61.8%, & 100% level.
I like the company. But Risk Reward Ratio is about 1:1. Waiting period. Rather to buy a breakout of $26.35 then buying now.
All time frames are up looking to go long at 18.50 dollars a share
CAE: CAE 2018-09-26 06:00:00 CAE USA awarded $200 million U.S. Air Force C-130H Aircrew Training System contract
Today marks a breakout on the 5yr $CAE chart. Looking for a long entry above yesterday's high. Tight stop loss of $13 on this one though, but looking for a $1.25 risk for continued upward momentum in this recent trend. All moving averages are beginning to slop upward signaling strength.
As it corrected a lot so small rebound may expected but it may touch 11.50 and stop loss is 12.26