Looking to buy into Magna as an EV play with reputation and track record. Big break out on some news. Looking for it to retest the previous ATH and would like that to fail and hopefully I can get in at the low 80s. Same with others, I’m not in a rush to get into this. RSI showing over bought. I should be able to get some sort of discount here.
Looking to buy a graphite company for a play on EV. Will try and get in at the low 30s if resistance fails again if tested again. Otherwise I’ll watch the trend and see where it goes early this coming week. 50DDMA pointing down, I’m confident in a low 30s entry point.
The price is consolidating into what I think is a pennant, converging on the 11.30 level. Look for a breakout from the resistance trend line for another move upwards. Keep an especially close eye on the current ATH level of 12.84.
$ENB has been a good recovery play. Slow and steady & great dividends. If you didn't catch the low entries, expect retest of 41$ before hitting 46$. IF clean break, on to 50$. Unlikely we fall below this zone.
Yamana has a beautiful structure. Breakout out and having tested the lower fib line, on it's way to 70% gains. Gold prices on the rise may nudge this before EOM.
$AC price failed to find support of the fib line, testing the old resistance. If support fails, retrace to 20$. If holds and reversal confirmed, on to 30$.
Suncor has been another fantastic play since the 15$ entry. Now entering a new zone a bit high on the RSI's. Stock is still undervalued. Looking for a strong push from here to next fib line so RSI can reset down before another two waves up. Stop Loss in case of breakdown, although unlikely.
Great Canadian tech stock. CGI will likely reach the fib line before a retest of current consolidation zone support. A strong break above this box would signal momentum but we will likely see consolidation for some time before a definite breakout. Accumulate.
Karona Resources is showing a diamond bottom pattern and could lead to a quick 8% gain in the next week or so
Hello Fellow Traders, Today we are looking at Cronos Group Inc ( CRON ) on the TSX. As we can see, prices have been correcting after peaking in July around $35. However, the new 2020 high set just recently is only at $11.85. We can see a double bottom printed this year on the daily chart , as well as the bullish falling wedge pattern. With prices consolidating...
Hello fellow traders, Today we are looking at Suncor Energy Inc (SU) on the TSX. As we can see, following the COVID dump in March, the chart has printed a nice double bottom around $14 on the daily time frame. Prices have moved above all EMAs except for the 200 EMA , which is currently being tested for a breakout. We also see some large buying volume coming in...
Thanks for checking out this idea! Note: this is not financial advice. Trade at your own risk and with due diligence. I may or may not have a position in this security. Manage your risk. On our weekly timeframe, we currently see a close above the 9 EMA, while RSI remains near oversold, and MACD is at a potential crossover - will we be rejected by the MACD signal...
Who doesn't like reversals? #NiocanInc #Nio #Niocan #OTCMarkets #TSX #StockMarket #stockstobuy #StockToWatch #volume #reversal #BULLISH
Hello Fellow Traders, Here we are looking at Conifex Timber Inc (CFF) on the TSX. This chart is pretty self explanatory. While prices have been moving down since 2018, we can see that some bullish momentum came in during June this year. On the smaller scale, we can see that a bullish falling wedge pattern has formed. On the larger scale, we can see a that a nice...
Hello Fellow Traders, Here we are looking at Jack Nathan Medical Corp (JNH) on the TSXV. As we can see, this is a relatively new chart which rallied throughout October, reaching a high of $2.72. The price has since corrected and formed a bullish falling wedge pattern. Additionally, following a breakout from the wedge, it has printed a double bottom in the...
It has happened before. Just an idea. I could be wrong. But indicators show or indicate an increase. Maybe I held the chart upside down? Who knows.
Shout out to Elliott with the wave. We see a correction wave from the sharp increase at the beginning of price action history. Since then, we have been consolidating in an ascending wedge pattern (as step one of our new impulse wave). We may have now entered step 2 and are impending step 3.
I See this Going to ATH. Once Feb High hits could drop rapidly. Asking Traders " What Negative Catalyst will cause the melt down?" Its all been bullish on this historic run up.