Bullish potential detected for CNI

24 thg 9, 2024

Entry conditions:
(i) higher share price for CNI along with swing up of indicators such as DMI/RSI.

Stop loss for the trade would be:
(i) below the low of the recent swing low on 12th September following the gap-up (i.e.: below $1.775), or
(ii) below the support level from the open of 26th August (i.e.: below $1.745), depending on risk tolerance.

24 thg 9, 2024

Giao dịch đang hoạt động

UPDATE (week ending 20-Sep): Trade activated 16th September, with share price closing above both 10 and 30 day MA's at the end of the trading week.

4 thg 10, 2024

Giao dịch đang hoạt động

UPDATE (week ending 27-Sep): Share price closed above 10 and 30 day MA's at the end of the trading week, with a 50/200 day MA cross-over ("golden cross") noted on 23rd September. Daily chart suggests a new support level at new swing low of $2.01 formed from the open of 24th September following this "golden cross".

11 thg 10, 2024

Giao dịch đang hoạt động

UPDATE (week ending 04-Oct): Share price closed between 10 and 30 day MA's at the end of the trading week, with share price testing the support level noted at end of last week (swing low of $2.01).

20 thg 10, 2024

Giao dịch đang hoạt động

UPDATE (week ending 11-Oct): Caution yet again, trading below support level - consider closing out of trade should low of $1.94 from 08-Oct be breached.

20 thg 10, 2024

Đóng lệnh: dừng lỗ

UPDATE (week ending 18-Oct): Support clearly breached at end of trading week; suggest close-out of any remaining trade (remove from watchlist).