HHH, Trends and Targets, Late FEB alignment Another Late FEB alignment for a crash, based on trends, earnings and more. It seems this company might be one of them at the very center of it all. I mean, if you need more, look at the investor's names. All super coincidental, but great if you're trying to buy most of a company.
I also like Canadian Rail due to STEEL price, and potential global shipment issues. Train is the cheapest option, barring the tracks, but I'm sure tunnels will help in the future. Probably also Fracking in Canada (shale?? I think is the rock name.. I could be wrong). Either way, there is a HUGE deposit near the Winnipeg area. Canadia Rail almost has to benefit from this, along with potential trade deals and border restriction reductions into and out of Canada.
Emotional guideline: simple guideline or path that I'm currently seeing, I don't expect this to be accurate but it helps me go back and find errors or changes within the TA.
Shortest term trend that I could find (data isn't super great for this stock) shows a climb to the topside before the drop, which is in alignment with a lot of the overall market. Obviously this means nothing, as price can always head right over those rejection points. However, a nice drop, followed by another decent move to the upside would setup this chart for a pretty nice long term trade.
I would watch the 4 key trend lines marked. I think those are going to be key for this stock's chart TA, If price is over a rejection trend, start to realize profits based on your risk and strategy. If price is under a support trend, it should be taken a really nice potential to buy the dip, barring any black swan event. In both scenarios, the probability starts to favor your side of the trade, which is all we can really ask for when trading.
Good luck!!
