CNNE trade ideas
CNNE. Adding to my watchlist. I think this could be a big earner. Looks to me like it's early in a new bull cycle.
I would feel pretty risky buying in now, but if it makes a new higher high (2nd impulse). I would think there's an upgraded probability that a 3rd impulse up could be on the way. Would then look for pullback orders.
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People that are really seasoned might think buying now is a decent play, but I am still working on my foundations.
$CNNE can rise in the next daysContextual immersion trading strategy idea.
Cannae Holdings, Inc. is a principal investment firm. The firm primarily invests in restaurants, technology-enabled healthcare services, financial services, and more.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $41,67;
stop-loss — $39,58.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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Cannae Holdings $CNNE $CNNE is close to buy point of $40.27. I would watch for volume above the average before you get in.
12 months Consensus Price Target: $43
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