CAE has not done much since our last blog, but it also has done nothing to negate any possibilities at that time. The bull triangle (in green) would still require a further drop to about $8, (max $6) but, of course , it does not necessarily have to go all the way to the trend line. The bear (in black) would need an e to a max of about $13 (it can go beyond the line). Combining these two possibilities would suggest a buy at $8 followed by a sell at $11 (30+%). If a thrust does occur it would be in the order of $14 to $12 so there will be a number of different ways to play this.