DBM at bottom of 2-year-long bullish channel4 consecutive higher highs
4 consecutive higher lows
all since June 2022
I like the look of this one
and I believe in the company too (Canadian Lumber)
Canadianstocks
Nuvei Considers Privatization Offers Amidst Strategic EvaluationNuvei ( NASDAQ:NVEI ), a prominent Canadian payments processor, finds itself at a crossroads as it evaluates proposals to potentially go private. With private equity firm Advent International reportedly in advanced talks to acquire the company, Nuvei's strategic decisions are under scrutiny, marking a significant juncture in its trajectory.
Exploring Privatization Options:
Nuvei's announcement of considering offers to go private has sparked intrigue within the financial community. The formation of a special committee underscores the seriousness of the evaluation process, with the company weighing various strategic alternatives to maximize shareholder value.
Advent International's Interest:
Reports of Advent International's interest in acquiring Nuvei have further fueled speculation surrounding the company's future. While Nuvei ( NASDAQ:NVEI ) has refrained from divulging specific details regarding the offers received, the potential involvement of a seasoned investor like Advent adds complexity to the deliberation process.
Founder and CEO's Role:
Founder and CEO Phil Fayer's continued involvement in potential transactions underscores Nuvei's commitment to preserving its vision and legacy. The prospect of significant ownership retention by key stakeholders, including Fayer, hints at a strategic alignment with the company's long-term objectives.
Challenges and Controversies:
Nuvei's journey has not been without challenges, notably highlighted by its acquisition of Paya Holdings for $1.3 billion last year. Criticisms from short seller Spruce Point further compounded Nuvei's woes, casting doubts on the wisdom of its strategic decisions and their impact on the company's performance.
Market Response and Outlook:
The uncertainty surrounding Nuvei's future has exerted downward pressure on its stock prices, reflecting investor apprehension amidst strategic evaluation. However, Nuvei's steadfast leadership and potential privatization offer a glimmer of hope for the company's revival and resurgence in the market.
DBM is a buy under $6TSX:DBM pays a quarterly dividend of 0.14, which is 9.3% yield.
It has fallen back to its September 2021 low, after retracing 50% of its bearish leg.
It has heavy support (14 weeks worth) at $5.81
Could it fall further than that? Sure, anything can happen.
But I think it is unlikely in the next week, as the ex-dividend date is the end of this week.
Perhaps the dividend will be the catalyst to push it lower.
I will probably accumulate a position if I can get it sub-$6 on Monday or Tuesday.
SRU.UN set to churn for several weeksThe weekly chart had a notable bearish trend from March 2022 to June 2022.
This was retraced by 50% (mid-August), and then the downtrend continued.
We have broken below June's low (the year-to-date low).
I believe sellers are exhausted, but there are not many catalysts for a rally here either.
I expect TSX:SRU.UN to be mired between 26 and 27 for several weeks.
I am likely to accumulate some TSX:SRU.UN if the price dips below 26.
AX.UN will be a BUY under 8.60TSX:AX.UN has a NAV near CAD$19.
It has been viciously beaten down from its high.
It is now below is 0.5 fib from the Post-COVID bull run
I would personally wait to buy until it reaches the 0.618, and I would wait for confirmation of a reversal on the weekly chart.
I am personally more likely to purchase TSX:SRU.UN (SmartCenters) if Canadian RE starts to rally - it has a higher dividend and I am more familiar with them in general.
Disclosure: I own exactly 4 shares of this company. They were dripped from a larger position I owned earlier in the year but sold off. Yes, it pays me a CAD$0.20 monthly dividend. :D
Resistance level for EXRO TechnologiesOTC: EXROF is hitting a low resistance level and expected to hit profitability in likely Q2 2023 (~18-24 mo away) and shoot up with EV sales growth.
The recent dip occurred Aug 18-19 and has shown stable low point in volume indicating a bottom resistance and combined with MACD and RSI (14/40 day) a great entry point for this penny stock. Await Mesa, AR facility news near TSLA, RIDE, and LCID
Value stream:
* EV bikes
* EV motorcycles
* EV cars (CA 5% of auto's)
* Wind turbines
* EV 18 wheelers
* ship drives
* Solid state battery technology NYSE:QS and many others...
* any EV motor (longer lasting batteries between charges)
Earnings are making positive strides for a company heavily investing in growing its business with larger motor qualifications where growth will come from. Believe in Sue I say. While giving her last update on Aug 30 showed no effect on price, it neither retraced further (thanks Fibonacci). Await more news on new facility closer to EV car manuf. in US.
I am a long-term holder and recommend you do own evaluation and diligence to review EXRO Technologies, a CANADIAN Innovation company on TSX, CSX, and OTC. Addition to NASDAQ could be timely as future value, or ...____ exchange. Disclosure: I own a Toyota Avalon Hybrid, and await the 17+% gain EXRO products offer in EV milage between charges.
NAsdaq.com "Exro Technologies Inc is a Canadian based company commercializing patented technology designed to advance existing rotating electric machines. It is engaged in the production of electronics for electric motors and generators. The company serves car/truck, bus, generator, appliance, elevator, escalator, conveyor, ship drive, fan, pump, crane, HVAC, compressor, vacuum, train, industrial motor, wind turbine, and subway markets."
#EV #wind #SSB #GREENENERGY #renewableenergy #investgreentech #greenhvac
Things are looking UP for $WELL:TSX$WELL:TSX
It looks like WELL has possibly finished the current - local - downtrend that it had been going through which saw it come from a high of $8.86 to a wick as low as $7.12.
There are a few key points of resistance (dashed - red) that it will need to break through on its way back up to its main uptrend line (purple) with the heaviest being in the $7.73-7.76 area on the chart.
This could be played as one longterm trade with a single entry and exit, or broken up into multiple smaller trades to play the local action in-between resistance and support along the way. Let’s see how things go after we get past the first key area of resistance at $7.53.
* This Content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.
Could Vermillion VET:TSX increase by 18% the week of Nov 30?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.
Short/Bearish on BILZ: Brand Equity not thereIf you asked me what makes a stock underwhelming on the TSX, many things come to mind. BILZ has a price currently lower than its entry price, and given it is listed on TSX, NEO, and OTC markets, one would expect it to garnish at least some traction. However, BILZ's advertising has come under fire lately. It features mostly skinly clad women, and a guy who seems to be more about his look at me lifestyle rather than growing a multinational corporation. There is a thing such as negative brand equity value that can cause resistance to a stock and I feel like this is an example of one of them. Outside of that, they have an e-commerce store listed as a stock. This isn't that exciting of a business, and nothing is unique about it where it can have perceived value in an investor's eyes. Literally if people got the required THC and legal licenses, and launched a similar brand, they could on their own. That being said, I am also not really a fan of this market, but I'm still looking at it from a non-bias perspective. As always, everything I say is on an opinion based basis. Do your own due diligence and make investments at your own risk.
BMO is ready to FLY !we are finally breaking the range market from March 2020.
Price is respecting the uptrend. We expect price to go higher for next days.
RY shows signs of weaknessPrice is creating a lovely pattern (Head and shoulders).
If price breaks the neckline, we'll see it dropping nicely for next days.
NAMASTE TECHNOLOGIES likely to go down .TSXV:N NEO:N is likely go down to around 0.310 CAD .If it closes significantly below the 0.310 area , I expect it to drop even lower to around the 0.255-0.260 area .
Sherritt International Time CyclesLet this help guide your trades, and show the importance to time cycles when trading.
Green H lines show a consistent low point in November.
Purple H lines show a consistent high point in late April - early May.
Orange H lines show a consistent high point in mid to late December.
Now that we have established these cycles, my strategy is to find the bottom of this downward movement, buy, and hold until early - mid April when we should see a nice spike up according to the chart.
