S&P/TSX Composite
Hilo MiningI 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!
TSX Composite Index - Elliott Wave Analysis (EDUCATIONAL)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.
Nutrien Head and shoulder top ?If you're into typical patterns it doesn't get much cleaner than this.
Still behind pandemic gains!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
BABY.TO Outperforms Sectoral and Market IndexesEyeing 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 lets take a look at the macro-global backdrop. To date, the US is experiencing a historically severe baby formula shortage as a delayed consequence of supply chain disruptions. The situation has reached a point of severity where US regulators are considering placing purchase limits for baby formula products on major e-commerce platforms like Amazon. As BABY ratchets up production and points of sale both online and offline (just yesterday they announced a strategic agreement with Kroger), they stand to gain from the zero-sum game of formula shortages. Compound this with ever expanding awareness of and desire for plant-based goods by consumers, and BABY appears to be positioning itself as Gerber for the next generation of tots. The company also recently received a Clean Label Purity Award for having the only baby cereal that is heavy-metal free on the US market after a damning consumer safety investigation launched by a congressional subcommittee into the issue of toxins in infant/baby foods.On a final note, last week they announced the acquisition of SNAP eligibility, allowing them to provide plant-based, safe, and nutritious food to America's underprivileged. In other words, bullish catalysts galore.
Now lets take a look at the charts, and I'll qualify this by stating the obvious: markets have officially entered correction territory and investors are feeling the burn. Major exchanges are down double-digits YTD, and the first four months of 2022 were the most bearish for US equity markets since 1939. So in other words, the market as a whole is increasingly looking like a dumpster fire, while BABY is trading strong and maintaining a YTD resistance around the $1.12 mark despite downward pressure from sellers/double digit SIR/short activity. RSI places thus baby in slightly undervalued territory, and its approaching the 50-day MA which, given an upward breakthrough, will be a strong bullish indicator. MACD histogram is started to give of signals of a positive momentum reversal, and given the green markets today I think we're in for some gains. And now for the compare-contrast; over the past month BABY is up slightly, but its massively outperforming practically any baseline. They've left the DJI and TSX/S&P composite indexes in the dust in terms of market benchmarks, and the VEGN plant-based ETF has fared even worse. For the fun of it I threw in BUB.AX as well, an ASX-listed baby food/formula manufacturer, to see a peer to peer comparison. While BABY is ~+1% in the 1M timeframe, BUB is down a whopping 24%.
BABY has been holding its ground during the worst four months for American equities markets since before WWII, and continues to roll out bullish catalysts that aren't just PR fluff but substantive, revenue-generating operational updates. I'm maintaining my personal BUY/HOLD rating for BABY, but that's just my two cents so DYOR.
$VOYG - Bottom in for Voyager? - 1W - call order placed.$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 more than 10-13 before reversal. A bullish engulfing candlestick pattern to end the week would favour bulls. Potentially finding support here.
Call Limit order placed: 5.11
stop: 3.59
tp_01: 8.30
alternatively, next fractal below is 1.46
Don't margin trade. GL. Go well.
Aritzia, should we buying this bounce ?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 is looking bullish on Daily frameLIF 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!
Vision Lithium pretty decent setup!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.
NUMI 1000% move potential - are you in?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 a corporate umbrella with multiple lines of business
- Awesome Management team
- Well managed financials
Need I say more? Get this gem before everyone else finds out about it. Likely to follow MMED.
TSX:SU Long Swing ShortWith the rising wedge and decrease in volume, I think we can see a nice down move here in the coming months.
Happy Swinging,
Stefan
QSR - Tim Hortons - Is it finally time to buy ?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 days left in the month so that candle can still go in any direction but the fact that we have already taken out last months low and high only a week into the month is a positive sign there is momentum building.
TSX Utilities - Interesting junctureSecond 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 don't try to buy the dip too soon most likely will get more opportunities in 2022
favorites amongst this sector are TA - FTS - SPB
TSX Technology Index TTTKAlways 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
Tecsys ATH only a matter of timeSeems 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
CAE $42 Target We have been going sideways since march, I am leaning bullish here given we haven't broken any significant levels to the downside pointing more to an accumulation period / profit taking, no signs the sellers are gaining over hand
Quarter setting up nice hammer to the upside potentially and the yearly can still go 2 to the upside with 3 months left.
Cineplex $16.40 target Nice breakout to the upside on the monthly and weekly here
We want to see that follow thru over the rest of the week
I am looking at some monthly calls at $16 for November
New James Bond October 8th you already know I will be there
Good and Long Term InvestmentThe stock almost bottomed up and have huge potential.
The stock might perform great due to :
- The cinema complex are open.
- Vaccination is out and government plan to vaccinate everyone by June.
- There is no reason why someone won't go to CINEMA in summer.
- Trend is favorable
Consider it as good buy , I am setting 2 target for myself and will re-enter after taking some profits.
Investment in Renewable Source of Energy?Little Key Points:
RSI is oversold with bullish trend
Selling volume/pressure decreasing
Company is pioneer in renewable source of energy and might get new project as trend is changing.
Bitcoin mining via solar power is the thing these days. That might push the price more up.
Economy recovery, new investment coming up
Price is sitting above Monthly 100 EMA at above $0.365 and give a nice support.
BIG candles on 23-24 FEB signifies that whales are done with accumulation :) and ready to push the price up for distribution.
Disclaimer: Not an investment advice.
Ensign Energy Services LongKey Points:
Today's closed with nice buy volume. Expect a price pump in coming days.
Quick Trade to make nice profit :D
Disclaimer : Trade at your own risk, Not a financial advice.
Cenovus $15 targetI see no reasons why this won't go back to test 2018 highs of 14.84 and go beyond that into the end of the year.
Positive macro around oil and canadian producers right now
Lots of calls for $90 even $100 wti from goldman sachs
2018 WTI made a high of $76 before getting slaughtered all of 2019. I believe this time around we have the inverse scenario.
TSX hits long term upper bound of channelJust a nice long term channel on the TSX in Canada. Obviously, this channel has been obliterated in USA equity markets (manipulated, post-truth times).
