Bot Brookfield (on TSX) @$44.56 ~Upward momentum in progress. Target is at least $48, and much more if B/O occurs.
B/0 = breakout With regards to Brookfield, by breakout, I mean pushing past the $48 area trendline. The volume is just starting to build to make this possible. Cheers!
Are you Will Ashworth? http://www.fool.ca/2016/05/30/the-all-cap-portfolio-that-will-beat-all-others/
Well, good call on BAM... up nicely since you pointed it out. You should include the U.S. ticker on these things.
BAM.A.to (TSX) ~ Brookfield Asset Management has just cleared a significant area of resistance emerging from a HUGE consolidation period (since Spring 2015). The way is now cleared for it to leave consolidation mode and start an uptrend. Much will depend on the buyers though as to exactly when, but it's up from here. My slight caveat will be that the US and CDN markets are showing they are entering slightly overbought territory. ...again technically this stock has no overhead resistance (see: http://www.stockta.com/cgi-bin/analysis.pl?symb=BAM.A.C&cobrand=&mode=stock) to keep it down and should build momentum quickly. (Without overhead resistance, a stock rising out of a consolidation pattern as significant as this often will climb quickly as there are now few disgruntled sellers.) Watch for volume to confirm this move, but it could reach mid $50's on this uptrend. (likely $55. CDN plus) I'm going into some detail here for the benefit of anyone who is new to technical trading....this is relatively as safe as they come. (ET is traders helping traders.) And yes, this is also traded on NYSE as BAM. I'm quoting in $CDN on the same stock here, but the same applies to my US cousins buying on the NYSE. This is a huge $48 Billion market cap company. For those looking for a safe trade ... this would be it... my opinion is that it won't see $48 again (unless the TSX or NYSE tanks significantly.) Let's see how this goes. Cheers. BAM>