CAE
CAE $42 Target We have been going sideways since march, I am leaning bullish here given we haven't broken any significant levels to the downside pointing more to an accumulation period / profit taking, no signs the sellers are gaining over hand
Quarter setting up nice hammer to the upside potentially and the yearly can still go 2 to the upside with 3 months left.
caeThis strategy comes from market profil structure.
The SINGLES PRINTS created by a 30 min candle that goes over a previous 30 min candle
creates a supply or demand shift in that area...You use that area as a bias for direction.
CAE - Ascending Triangle Breakout + Re-testCAE broke out from an Ascending Triangle pattern on November 8th. Since then the price pulled back right to a 50% Fibonacci level where it seems to have found support & is attempting another bullish leg.
I have used the Fibonacci Extension to project three potential price targets at the 50%, 61.8%, & 100% level.
CAE INC on bearish moveAs it corrected a lot so small rebound may expected but it may touch 11.50 and stop loss is 12.26
