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...
Here is an interesting stock.
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...
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,
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...