A decades old trendline still unbroken after months of correction, the Canadian economy seems to be in a great position considering the circumstances. After conducting a simple technical analysis predicting a second leg up the upside potential is enormous if I am right about this. The downside is I am looking at a monthly chart so this will need to be a position trade or long term investment to achieve the desired results. Even if my target is reached I will likely hold onto the stock for years afterwards because the company will continue to make money. The intrinsic value for CNI is between $120 and $225 so it is well below the intrinsic value making any new position on it now at a bargain deal. I will likely be allocating a significant portion of my portfolio to it in the next few days to weeks.
Note
4 hour chart 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.