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I’m not a market timer, but I might trim a little and buy some other blue chips that are still beat down.
I’ll probably lose money, but that’s the game. Lol.
Anyone adding or selling today?
*Now, for some technical analysis. What happened this week with CP’s price action? A “very bullish” Kumo Cloud breakout to the upside✅. The “Kumo Twist” happened on Tuesday. The 9-day moving average is moving almost too fast now! It’s Okay CP, we are patient shareholders here. The MACD indicator has been signaling “Buy” since the last week in June 2022. *The RSI indicator broke through that overbought 70 value today, Friday. That could trigger those HFT’s to sell off? I for one will not. Look at $74.50 as Support. There is no resistance ahead, breaking through the Kumo Cloud shows us that, ✅.
nice 15 percent.
thanks for the ride CP
"Port of Vancouver ranks among the worst in the world, according to World Bank report"
Well, here's an update. The Port of Vancouver is now running ads on BC local TV touting how great and important and efficient it is.
And that's why Canada is what it is: economic doormat.
Because
a) LIberals love to find more taxpayer work for party-friendly lawyers, judges and other stooges
b) western Canadian companies are the Trudeau family's traditional favorite cannon fodder
c) Canada is a backwards, self-loathing joke that enjoys crucifying private sector success stories rather than support or celebrate them. "Politics is the only important industry 'round here, pal".
d) Persecuting CP Rail provides advantage to Quebec-based, politics-respectful CN Rail
e) Ever since Lac Megantic --- the biggest, most successul cover-up of government incompetence in Cdn history --- beating up the railways has become the most wildly popular sideshow in Canada
and
f) This provides a much needed "Look! Squirrel!" narrative for a scandal-riddled, grossly incompetent government, led now by a duet of completely business-hating dolts.