by Ron Meisels | Nov 24, 2017 | News, Press
Finning International Inc. was in a down-trend as it declined from $34.34 to $16.37 (A-B) below its falling 40-week Moving Average (40wMA). It rallied above its average in 2016 to signal the start of a new up-leg (B-C). Subsequently, Finning settled in a trading range...
by Ron Meisels | Nov 24, 2017 | News, Press
On May 21, 2016 ($33.73), we reported a major breakout from a large Delayed Ending formation (dashed lines). Newmont Mining Corp. rallied and reached a high of $46.07 (A) before it pulled back for a much needed correction (B). The stock traded below a falling...
by Ron Meisels | Nov 24, 2017 | News, Press
On Jan. 7, 2017 ($45.44) we reported a breakout from a large trading range (dashed lines) and targets of $57 and $62. West Fraser Timber Co. Ltd. rallied to a high of $62.50 in May, 2017 to fulfill our targets (A). The stock then stayed in a slightly rising wedge...
by Ron Meisels | Nov 24, 2017 | News, Press
Abbott Laboratories started a major rally in 2013, culminating at around $52 in 2015 (A). In mid-2015, the stock fell below its 40-week Moving Average (40wMA – B) and settled in a horizontal trading range mostly between $37 and $46 (dashed lines). Recent price action...
by Ron Meisels | Nov 24, 2017 | News, Press
Magna International Inc. declined from $74.50 to $42.09 (A-B) below its falling 40-week Moving Average (40wMA) and then settled in a bullish “W” formation (dashed lines). The stock had a breakout above this pattern (C), pulled back toward its rising...
by Ron Meisels | Aug 21, 2017 | News, Press
Linamar Corp. declined from $89.42 to $42.24 (A-B) below a descending trend-line (dotted line) and below its falling 40-week Moving Average (40wMA) for over a year. The stock then rallied above this trend-line (C) and above its 40wMA to signal renewed investor...
