EPP have already retested & bounced from 2 potential wedges formed by the high & lows of 2008 crash. The green & black lines are the topside of the 2 wedges. See the yellow zones. Is the bottom in or is a deeper ABC coming? If the 2 yellow zones of the 2 bounces does not hold, 43.22 will be the next downside target completing A deeper ABC wave at the 1.272 FIBO...
The price rejected off the 100 EMA yesterday and formed bearis MACD and WMACD divergences. I am bearish on the stock.
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) After a bloodbath, we are in the same levels of 2001-2003 (+15 years ago!!!). The major ABC correction it's likely reaching the end of wave C.
This graph shows the increase in the value of CP stock, especially since CEO Hunter Harrison took the reins of the company in 2012.