CANON INC

Right before earnings, here's some stats: https://swingtradebot.com/equities/CAJ

"Canon" is located in the area of congestion (accumulation). We find positive divergence (bullish _ with sales volumes growing and at the same time, the prices growing price).   So, some of big investors, are covering, buying from little ones who are selling ........... (following the trend started the week of 20 / 27.04.2015) In conclusion, if we have ...

We have to be aware of newly acquired business unit surprise news to hands change.

Canon Inc has traded in the range of $30-34 for over a year. The share attempted to break through the $30 level in February-March, 2014. But this was a false breakout as a double bottom pattern shaped up and the price reached the upper boundary of the $34 range. The price tested the $30 mark and bounced off it in October. Now the price is likely to reverse to the ...

Maybe it’s time to make a picture of Canon? After continuing consolidation it’s time to go up. Consolidation shaped as falling wedge pattern, contraction of the range has already occurred, then two downtrends to the broken level followed. The idea is that accumulated divergence on RSI and a growth OBV should push the price to the base of the wedge in the vicinity ...