Bearish position Looking for a break of the 1x1 gann angle, for a down turn for this stock, a return to the lower gann line as per the arrow indicates.
CPRL34 trade ideas
Canadian Pacific 5th wave target $300AVERAGE ANALYSTS PRICE TARGET $338
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 19
SHORT INTEREST
COMPANY PROFILE
Canadian Pacific Railway Ltd. engages in the provision of rail service. It offers rail and intermodal transportation services. It also transports bulk commodities, merchandise freight, and intermodal traffic. The company was founded in 1881 and is headquartered in Calgary, Canada.
Canadian Rail - Popped back up to 340 SMA Platue... and short itI have noticed many times pricing will run back up to a "double peak" in the 34 period or 340 period. In this case CP has popped back up to the 340 SMA double peak from previous levels... I'm sure a fib guy can step in here and explain the retrace in 3....2....1....
brschultz aka markettimer777
Bet on CP Support levelMy quant model predicts
Profitability: it has a high probability(66%) to rebound at this level.
Worst Case: it could drop to $166.88
Money Management: Bet no more than 33% of capital
Suggested Strategy: long stock for 5 Days, wait and see
CP - adding to watchlistZacks Rank: 1-Strong Buy 1 Style Scores: D Value | C Growth | A Momentum | C VGM Industry Rank: Top 5%(12 out of 255) Industry: Transportation - Rail
comments welcomed
CP reports preliminary Q3 results, raises 2018 guidanceCP: Canadian Pacific Railway Limited
2018-10-04 07:30:00
CP reports preliminary Q3 results, raises 2018 guidance and outlines strategy for driving sustainable, profitable growth at the Company's Investor Day
$CP Short this stockTightening wedge, ready to give any day now. Expect sharp move lower after multiple failed upside attempts in an overall bearish trend.
CP Railway TSXImpulsive move from bottom has now formed a corrective horizontal flag. Looking to buy the bottom of the corrective structure and hold for a measured move of the flag and the lows of the corrective structure that forms the all time highs.
E: 187.00 SL: 180.97 TP: 227.45
Soft stop = Daily close below 186.00
NYSE stock also has same structure and clean vol.
Canadian Pacific Railway Stock PricesThis graph shows the increase in the value of CP stock, especially since CEO Hunter Harrison took the reins of the company in 2012.
Canadian Pacific Railway Likely Future MovementLong term trend resistance and Fib Resistance channel lead me to believe that CP Rail is about to take a dive.
A healthy retracement is required for long term growth to continue.
Comment your thoughts!
Happy trading
CP short http://tinyurl.com/bs7xgo9 with cup and handle pattern we can see daily cup and handle pattern with triangle action and odds for day*swing trading plan
CP down to 200 if 210 breaks decisivelyI've been short since 214. When I initiated the trade I targeted 210 as the key level in the short term to break, and sure enough it is stalling there today. A decisive break below 210 could easily send it back to 200. If 210 holds and the broader market turns up, back to 220 is likely.
I am ready to average another short if...Many a time, trader are told that we should not be averaging.
But again there is something they left out i believe.
Averaging is workable on 2 conditions IMO:
1. I can stomach expected loss initially
2. Only average very near to market top or market bottom
I am ready to short again when price hit 220.
Initiate loss doesn't bother meI shorted immediately after seeing a double divergence @ strike price 208
as a result of my impulsiveness, price of CP shot up to 210.5 and i was at paper loss of 150 momentarily.
But having a declining MACD backing me up, i just stay on and wait patiently.
Took my 50% profit when price hit 50ema yesterday.
Two important candlestick pattern at the top. Bearish engulfing and Evening star.
