For over a year, Canadian Tire* (CTC.A.TO) shares have been under steady accumulation, advancing in a step pattern of rallies followed by periods of consolidation at higher levels. Last fall, the shares broke out over $150.00, overcoming resistance that had been in place since 2018 and completed a bullish Ascending Triangle base, confirming the start of a new uptrend. The shares continue to attract new interest, this week breaking out over $200.00 on increased volume.
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