Long Setups For Thursday June 22nd

It’s been a sleepy past two days in the market unless you’ve been concentrated in biotech and healthcare which has been working nicely to the upside while the rest of the sectors have been pulling back into nearby support zones.

Our current portfolio positioning is light in order to avoid some of this quiet chop, but here a few setups we’re looking at into the close of the day for potential new long entries.

Canadian Pacific $CP is breaking out from this trend-line extending from the June highs. If you were to zoom out and look at a weekly/monthly chart, notice the even bigger breakout in motion over this 155 area.

Image of CP Long Setups For Thursday June 22nd

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