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A very comfortable time to buy in - short termVery beautiful chart from Toronto Exchange Market these days. If you have TSX tickets it is now time to buy in and hold for the uptrend. TSX broke out of the downtrend channel and I have no reason to believe it is a "fakeout". Good indicator support and good trend lines. I'm expecting a small amount of correction between 19400 and 19200 since the RSI index is still very high, but it would not be back in the downtrend channel. Level 0.236 Long Term Trend-based Fibonacci is where I would be expecting a correction. As far as the scope of this analysis goes, I will be adding to my portfolio aggressively. I will do analysis of major tickers affecting TSX in the ext month or so, so make sure to follow me to not miss my analysis on the Canadian tickers!
TSX:TSXLong
by soheilsdgh
TSX another low incoming BOC meeting sept 7th We are just about half way thru earnings season for the TSX, with the next BOC meeting in September 7th and another hike of minimum 50bps is already guaranteed I think it opens up a great period for the TSX to make a new low. Earnings have been better than expected for a lot of the bigger companies in all sectors from industrials, utilities, staples and of course energy but I think that is mostly priced in by now and even though we had a nice rally here off the June low it was over due after all markets never go down in a straight line. I am looking at further weakness in the energy sector with WTI looking overdue for a move to 70's . I am eyeing the monthly calls with a sept 16th expiry. I am looking at shorting XIU for tsx 60 and XEG for the energy etf and also single names such has Telus / Bell / Canopy / Superior
TSX:TSXShort
by AthenaCapital
Easy 10% early next week on HBIT - "RRSP Bitcoin"This ETF is not really Bitcoin, it's a derivative. For a short term trade, make your gains here with and buy real Bitcoin on a real cold wallet. With now HBUT at sub $10 is a buy. You can't tell from the charts, there's no volume on HBIT/BITI because traders need volume. There's none on that junk so its just for snipers at this point (people with Level 2 and able to pick off the arbitrage with real Bitcoin patterns, like 1 hr oversold on real BTC and snooze on fake ETF. Anyway, I'm long HBIT, (& off BITI) before the weekend or sell everything if you think cash-is-trash is better. This is the sub $60K stop loss attack before the run to six figures on Bitcoin. Enjoy the ride people. Bitcoin is the true market. The rest is an illusion that is getting slowly corrected with math.
HLong
by UnknownUnicorn2413721
PLUG at critical level - time to break through PLUG has been in an aggressive downward move this year. The chart shows two failed attempts to get through the $29.60 resistance level. It is now attempting a 3rd and I'm bullish. Why? The price action shows the aggressive downward move, a breakout from this move around $26.30 and a slight rotation of the angles indicating we may have found a bottom and more buyers are coming in. But the ascending triangle is why I'm hopeful for a rotation up, this is a bullish pattern and it follows the evening out of the slope down. The 29.60 level is critical because it is not only a stubborn resistance, but it now has the 200 EMA sitting on top of it which can also act as resistance. Double Whamy. Because this level is so stubborn I'll be placing a stop buy order on the other side of this, with a tight stop in case of a false break and a rejection back lower. You'll see similar patterns in Bloom Energy, Canadian Solar and some of the other green energy stocks, which suggests a category rotation giving me more faith in the move. Suggest picking which one to trade carefully and not picking all of them without looking at correlation since they're all behaving in very similar ways.
NASDAQ:PLUGLong
by JBlack99