This chart is crude and only correlates most of the time, but it does stand to reason based on the macro outlook we are staring down the barrel of a sizeable market crash. Now the 3 lines were 2 years after the red circles. That means the bottom is likely at the end of 2023 to 2024. The best way to play this is cash, but deflationary bets might also work. Use...
A quick follow up to my previous posts about the TSX or the colony of Canada, if you prefer. Quick observations on a long timeline weekly chart: We bounced off the top of the channel top for over a year Major roll over into a recession/depression/stagflation ... take your pick at this point Commodity super cycle talk seems to be done for now as we can assume...
Seems like a pretty good spot for a quick buy with a tight stop
I bought into Hilo probably to early but i think this has good long term potential with their claims and site locations. Im in for sure!
Hello Traders! Welcome to this quick video update on the TSX Composite Index. This video has something for everyone. Whether you are a seasoned practitioner of the Wave Principle, or brand new to it, I hope you learn something valuable here.
If you're into typical patterns it doesn't get much cleaner than this.
35% increase from pre pandemic has not priced in the growth and expansion thats coming DOL's way for sure and that along inflation and belt tightening times and 5$ prices can easily push DOL past the 80$ mark , on technical side a long time channel has been broken upwards signaling a new lower and upper bands
Eyeing market open today, it looks like investors may be in for some relief after a crushing past couple of days of trading. Here I hone in on the chart of Else Nutrition (TSX: BABY). After closing green yesterday and a green open today, it looks like BABY investors are holding the line against the type of capital outflows afflicting US and Canadian markets. First...
$VOYG has taken an absolute beating since the all time high about this time last year. Claiming a loss in December 2021 saved me on my taxes, lol. Obviously the price follows bitcoin...the recent FA for this company is brutal as well. Looking at the weekly time frame. I see opportunity here. RSI looks set to reverse. Ten bearish candles counted...usually not...
I am buying this here with a stop loss around $45 right around the 200 daily ma. if it breaks below I will wait and try to re enter. Next earnings in May, last quarter estimates were 40 cents they reported 65 cents, this quarter estimates are 24 cents and I am willing to bet they will come well over that again.
LIF stock is looking bullish on Daily frame also this company pays high dividend, it might be a good mid range call for Canadian Investors. You can enter now or wait for breaking upper trend but keep in mind your stop loss: 1D candle close below 35.50 All the best!
Good Luck everyone! Lithium in general has had some decent runs lately, who's to say this couldn't do the same? Well, that's all I've got. I'm an armature trader FYI, I look for support and measure based on moving averages. Learning as I go.
This daily chart is a beauty setup. Just listed today December 16th on the TSX (graduated from the TSXV) and far undervalued compared to its peers. Bonus facts: - Health Canada licenses, some exclusive - Strong influencer on regulatory market - Multiple successful clinical trials - NO DEBT - and a warchest full of cash - Some big acquisitions this year, becoming...
With the rising wedge and decrease in volume, I think we can see a nice down move here in the coming months. Happy Swinging, Stefan
After making a high of 87.32 in may 2021 we had a pullback of exactly 20% to 69.42 low in October Now at $75 and only down 15% since that may high the chart is looking good for a reversal. The action on the monthly window is quite positive now that it has broken to the upside forming an outside candle in the process which is bullish That being said we have 23...
Second test of the 200 dma for the utilities and what comes next ? Obvious prior tests of 200 dma have led to nice rallies will we see the same this time ? Utilities are notoriously defensive stocks held as last resort for safety and yield My thoughts are stay patient and don't be a cowboy for now lots of stocks in this sector are showing a lot of weakness...
Always important to keep in mind the bigger picture Textbook patterns. Test of 200 dma again most likely in the short term. Good opportunities to add more exposure to this sector just be patient for now
Seems to be only a matter of time before we hit ATH and probably go straight thru it given how software plays have behaved lately. Not much else to be said