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CNR has always been a good buy around the 200 week SMA
CANADIAN NATIONAL RAILWAYS CO
Long
CNR has always been a good buy around the 200 week SMA
By MikeMM
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Oct 3
2
Oct 3
CNR has always been a good buy around the 200 week SMA, even if it has taken some time to consolidate here first.
Broadly I think markets are going to turn down, so the rally here will not start right away...
The MACD averages have swung down again, implying more consolidation.
I dont think I have to argue fundamentals for this company... theyre great.
Upside is pretty predictable you just have to zoom out and imagine where this will be in a few years.
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MikeMM
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