Ummmm....

Hey as you can see, I don't know diddly about charting but hopefully the fancy bullseye got your attention. This ETF appears to be in distress!! The only reason I'm reviewing is that a friend said it has been a MF recommendation. Sometimes they seem to have good timing but this one and my advice to my friend was, even if you believe in the fundamentals of the ETF, the economy is still in a world of pain and Cnd banks are still under mad pressure. The Div looks nice...maybe after it closes the gap I'll take a look again after that but right now the chart is ugly and I'd stay eagle eyes and not involved.

Comment:

Staying in the channel nicely. More selling volume than I expected so if I had to guess I'd say it breaks from my downward track and goes steeper. Either or I think we end up at the gap and then start the healing (if the fund can do so). It is a no brainer lifetime position from the right levels. Like folks that backed the truck up to Cnd banks at Covid lows. Incredible div, incredible growth (for a few years) = no brainer

Comment:

Still tracking....I mean this could hit the target and the unravelling continues as the markets loose this fake bull rally footing. Good time to be alive when you can scope out and pick up 7+% div shares that have a long future after the turmoil settles down (and it always settles down)

Comment:

yield is starting to be scary...they won't be able to pay the div if this keeps up. Still tracking

Comment:

First time we've seen the indicators move to buy across the board. MACD still isn't showing that it's buy time but maybe we are nearing the point of entry (without trying to be perfect).

Comment:

In the channel...on watch still. interest rates moving up to add more pressure to the price. Remember for the 0 people that read this, this is not diret exposure to banks. From the website "HCAL is designed to track 1.25x the returns of the Solactive Equal Weight Canada Banks Index, investing in Canadian banks — using modest 25% cash leverage. HCAL does not use derivatives". As the dividend increases, so does my interest

Comment:

lol...to buy or not to buy, that is the question. Well it's my question anyway. To be honest this is the longest my trace lines have predicted the path of the stock. Usually I get about a week or so in and my poor understanding of TA means I've missed something and then the chart is abandoned.
Here though...almost 2 month and it's danced within the lines. I must admit though I'm hungry for a position in a 7+% div and this practise of patience is vexing.
Came up strong over the last couple days and is threatening to break the pattern. MACD still shows a no go though. I guess even if I missed the actual turn, I'm still pretty happy I was able to see the set up. Will I be happier if it continues to track...hell yeah!

Comment:

Is that a double bottom...is it only pressing the upper channel limits? Stay tuned on the saga of...fuck I should have bought that earlier!! lol

Comment:

Well.....I'm either an idiot or just the guy with bad timing...I still think the macd shows we're headed down...this rally has been shit to watch knowing I am interested in holding this fund....why? Who knows, there are 10billion high div funds out there in this fake gains world...I just want mine. Still in the channel on the high side. No position yet as I am holding firm in my outlook. As it stands...my no patience gut says I've missed the low....my "want to be a better money manager says...wait for further confirmation to avoid getting in and getting stomped (or stopped)

Comment:

the pattern holds...no buying till it stops. Thank goodness I had no powder on the 21st, probably would have fallen victim to the old "rush in like an idiot" stock syndrome

Comment:

Gaining some critical mass now...chart has held steady so far. Pop coming but more down in the future if the track continues. 8+% div now

Comment:

Deep into the downward trend of HCAL. Much beloved by the Motley Fool. In the channel, which makes me smile still...longest correct chart I have worked so far. Will it recover? I'm not sure. BOC talking they haven't done enough on rates, people hungry. The banks profits threatened by a housing collapse.....will that delicious dividend become the death knell?

Comment:

Down it goes, finally leaving the channel in dramatic fashion.is it headed for the gap? I love gap deniers. On occasion I stupidly follow the sentiment "not all gaps close" but when 95% of them do, that's just gambling. Still watching and that Div just keeps getting better

Comment:

Well it crossed the blue line and sprung back up....is this the time to buy? With a huge div (I missed what it reached at the lows) and a buy indicator...I'm wishing I had some powder to dabble a little.
Anyone out there buying?

Is...anybody out there at all? Lol

Comment:

It's been a hot minute and all I've had is my phone which frankly sucks to update on. As we can see my original prediction of the blue line was hit almost to the penny. I was so surprised but also not because in classic me fashion I had no powder to put into it. That was the time to do so. I think now it's set for some more pullback. I will probably re-work the chart to see what I can see. To date this has been my most successful tracking....and without powder it was a waste of time lol. Ce la vie! Hope someone scooped up the quality dividend and is in a position for a nice long hold. Watching...waiting for another entry point