Canadian National Railway Company
Long
Updated

CNI, LONG

99
Have been watching this and I like the dissipation of supply looks like we are trying to pull through the base resistance we fell back into ..

Long 119.05
stop 117.20

Keeping stop tight ..
otherwise could place below 21 ema ( under prior candle low )
but that is closer to a 4X risk . So , I would rather try multiple times if needed and try to keep stop tighter which also allows me to sell half sooner and de-risk...

Trade closed: stop reached
will keep an eye on this one , really like it . Stopped out today
Note
Potential wick play setting up for tomorrow I think , especially if we have a follow through day on QQQ.

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