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S&P/TSX Composite

CRON New 2020 High? +Trade Setup (>92% Potential Profits)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 just under the 2020 highs and holding above all EMAs, we can expect additional growth in the near future. In the long run, this could rally to $33 (+200%) or higher. However, a potential short-to-mid term trade setup now could be: Entry: $10.00-$12.00 Targets: $15.00 (+36%) | $21.25 (+92%) | $27.25 (+143%) Stop loss: daily close below $8.50 (-15%) Let me know what you guys think down below and leave a like if you appreciate the analysis. Also, check out some of my other ideas and follow my profile for more chart analyses and profitable trade setups! Thanks for reading :) Price at writing: $11.04
TSX:CRONLong
by PS_TopDollarInvestments
SU Ready for Recovery? (>67% Potential Profits)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 recently, another bullish sign. If prices can break above the 200 EMA , we can expect additional growth. Based on the VPVR, can also predict that prices will move fast between the $26-$36 range. So, keep your eye out for a breakout! A potential short-mid-term trade setup now would be: Entry: $21.75-$23.75 Targets: $26.25 (+13%) | $29.50 (+27%) | $39.00 (+67%) Stop loss: $19.50 (-10%) Let me know what you guys think down below and leave a like if you appreciate the analysis. Also, check out some of my other ideas and follow my profile for more chart analyses and profitable trade setups! Thanks for reading :) Price at writing: $23.21
TSX:SULong
by PS_TopDollarInvestments
4
Long Play - MCLD Technicals Signalling BullishThanks 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 line again, or will we see continuation to the upside? If we look at the daily chart above, we will see a confirmation of uptrend, with the daily MACD crossing over signal line, and bullish divergence as price action goes down while RSI and MACD have been moving up. A push into positive MACD territory will be a major buy signal. We can also note a candle close just on top of the daily 9EMA (grey) and close to the .382 fib level. A cross of the 9EMA over the 20EMA (purple) will pump price as algorithms get triggered. Hope this analysis helps you guys out. Happy holidays and happy trading!
MLong
by WhatsAStockMarketLOL
CFF Ready for Takeoff? (>78% Potential Profits)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 cup & handle has also formed on the daily chart. Prices have bounced off of all the EMAs, and both the MACD and RSI are bullish. Prices are ready to move higher and can easily breakout past recent highs. A potential trade set up now may be: Entry: $1.50-$1.80 Targets: $2.25 (31%) | $3.05 (78%) | $3.85 (125%) Stop loss: $1.35 (-20%) Let me know what you think down below and leave a like if you appreciate the analysis. Also, check out my profile or some of the related ideas below and be sure to follow for more chart analyses and profitable trade setups! Price at writing: $1.70
TSX:CFFLong
by PS_TopDollarInvestments
JNH Resumes Uptrend? Trade Setup (>100% Potential Profits)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 $1.10-$1.15 range. Prices are now trading above the 10, 21, 50 EMAs on the 4H chart. We can see increasing volume, the RSI has risen above 50, and the MACD is increasing as well, all bullish signals. Depending on how quickly this chart picks up, we could see massive growth, so I have marked some potential paths for the next bullish wave. Prices can easily move up from here. In the long term, a breakout past the high of $2.72 would allow for additional growth, with a target at the 1.618 Fib level of $3.70 (+184%). A potential trade setup now may be: Entry: $1.20-$1.40 Targets: $2.10 (+61%) | $2.70 (+107%) | $3.70 (+183%) Stop loss: $1.05 (-20%) Let me know what you think down below and leave a like if you appreciate the analysis. Also, check out my profile or some of the related ideas below and be sure to follow for more chart analyses and profitable trade setups! Price at writing: $1.30
TSXV:JNHLong
by PS_TopDollarInvestments
1
Is Air Canada ready for lift off?Looking at the #AirCanada stock there seems to be a couple things at play. #AirCanada is stuck in a downwards channel that has yet to be broken, it has flirted with the .38 fib a couple times but never clearly broke through and stayed above. The first bearish idea came from the idea of a downwards variant of a rectangle or flag/pennant, but looking closer #AirCanada may have printed a bull flag and it has just broken up. My only issue is the possibility of a bearish divergence on the hourly and there is not much room to grow on the stochastic or RSI but other than that #AirCanada break's though our .38 or #AirCanada shoot's back down to the bottom of the rectangle. Until #AirCanada makes a clear break up or down my prediction is this stock will be stuck in its channel until further news of pandemic lift or revenue increase. GL
TSX:AC
by CryptoTheory
GOLDMINING INC (GOLD) Ready for Next Rally? (+34% Potential)Hello fellow traders, Today we are looking at the daily timeframe for GOLDMINING INC (GOLD) on the TSX. As we can see, GOLD peaked around $3.85. It has since corrected, printing a double bottom at previous resistance, in between the 50/100 EMAs (yellow/pink). Prices have broken and are now trading above all EMAs. The RSI has increasing fast, and the MACD has just given off a bullish cross. Additionally, we have increased volume coming in with prices moving up. All of these signals are bullish. The key levels to watch here around $3.40 and $3.60, past which, prices can easily jump. On the chart, I have marked the three likely paths using arrows that prices should approximately follow. Depending on the level of resistance ahead, primarily at the $3.60 level, prices may either jump or correct back down and continue trading in this wedge. A potential entry zone now would be $3.10-$3.35, with a second entry around $2.75-$3.00 if prices break down to the next support level. An immediate target would be at them most recent highs, around $3.80 (+14%). A breakout past the most recent high could launch prices up to the 1.618 Fibonacci level, at around $4.50 (+34%) in the short-to-mid term. A stop loss could be placed in the $2.50-$2.60 range to be safe, however I am not using one as of yet because my entry was at $2.94. Keep your eyes on this one! Let me know your own thoughts and comments down below. Remember to leave a like if you enjoyed, and check out my profile for more stock and cryptocurrency trading ideas. Thanks for reading! Price at writing: $3.24
TSX:GOLDLong
by PS_TopDollarInvestments
5
TSX growing within a rising channel HSH pattern was expectedTSX Has managed to broke the September month sell off and managed to broke the upper channel trend line and started to growing in the rising channel. And the TSX umped after the retracement towards 16280.00 which is a .50 Fibonacci retracement level's currently reached the minor resistance level which is 16500.00 we can expect the value will rise continuously in coming days towards 16840.00 which is a major resistance level at this level major head and shoulder pattern may formed and will fall towards the lower channel trend line Disclaimer! This is a next possible movement of the market. Its not a financial advice
TSX:TSXLong
by velmunis