Retail
Welcome to the March 15th difficulty of the Astrology Letter.
It is a particular difficulty with a deal with client retail. I’m scripting this particular difficulty due to a request from a Canadian subscriber.
Utilizing the Periodogram operate (cosine arithmetic), I’ve decided that Canadian Tire features on 88, 101, 118, and 142 bar cycles on the weekly chart. The value chart above has been overlaid with these cycles. Discover that in April 2021, a 118 bar cycle ended. The pattern modified on the time as properly.
A counter-trend rally in early 2023 tried to reverse the pattern, however in the end failed. Right here and now, Canadian Tire has retraced Fibonacci 61.8% of the transfer from March 2020 to June 2021. The pattern nonetheless stays bearish right here and now.
A Fibonacci 61.8% retracement of the transfer from 2020 to mid-2021 will put share value within the $127 vary. Canadian Tire may very well be getting near a backside.
At present share value, one could be paying slightly over $5 to purchase $1 of working money circulate. Analyst targets vary from $120 to $195. The common analyst goal is $152 per share.
Canadian Tire grew to become a publicly traded firm on Jan 2, 1944. The primary commerce horoscope has two distinctive geometric patterns embedded in it. Occasions of Solar, Mars, and Moon passing these key factors may very well be of curiosity.
As I’ve instructed many instances in my writing, again within the Nineteen Forties, the inventory trade authorities knew about astrology. Check out the planetary positions within the above horoscope wheel. Discover the inexperienced and yellow triangles. Collectively they kind a form referred to as a “Merkaba”. Within the Hebrew religion, this form is named the “Star of David”. Whenever you see distinctive shapes and patterns in a primary commerce horoscope, these shapes aren’t any accident. First commerce dates are fastidiously picked. This was very a lot the case within the Nineteen Forties.
The above chart has been annotated with a number of astrology occasions associated to Solar, Moon, and Mars passing key factors within the natal horoscope. No query about it – astrology is an efficient software to navigate the Canadian Tire value chart.
A Fibonacci 61.8% retracement of the complete 2022 to 2021 transfer will convey the $127 stage into focus.
If considering shopping for shares of Canadian Tire, look ahead to value to doubtlessly backside on the Fibonacci 61.8% retracement stage of $127. Ahead wanting analyst targets are within the $120-$195 vary with a $152 common
And….so….what did occur?, you ask…..
As the next chart reveals, in mid-April Canadian Tire inventory did hit $127 as I instructed it would. As value was probing the $127 stage, Moon was passing the natal Mars level and shortly later the natal Node level.
