Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
Symmetrical triangle upside breakout. L displaying strength with a daily higher high and higher low, with the three major indices in negative territory for the day.
Here is an interesting stock.
L.
It is in primarily in the insurance business. But has an interest in drilling, pipeline, hotels; and now; containers. I am not sure what is the link between these diverse industries.
As of EOD 25th Apr, It is going sideways for a while in Weekly. Weekly displayed Bearish Headwind a few weeks ago.
Now, in CUE Daily Hop On, it...
Friends
Nice long in play,
Happily upgraded this stock to a hold, and a target of $44 is expected (Although downgraded from $48), this is still a good stock to participate in. Earnings are expected to show as $0.68 per share...
Best of luck,
Tom
For those of you watching the TSX ( not many I suppose) Loblaws, a major grocery story offer to buy Shoppers Drug Mart for 12.4 Billions dollars. Loblaws was surprisingly up 5.43 % vs. 24.1 % for Shoppers Drug Mart. For me . this represent a great merger and acquisition arbitrage opportunity. I already checked the fundamentals of both company.
I don't expect the...
Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc. (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment. CNA's insurance products include commercial property and casualty coverages, including surety. CNA's services include risk management, information services, warranty and claims administration. CNA's core business, commercial property and casualty insurance operations include Specialty, Commercial and International lines of business.
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