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S&P/TSX Composite

IPL Resistance / Support LinesMy position on Inter Pipeline is still neutral on the short term. I personally closed with profit before the trading halt. I'm expecting a fair amount of volatility this week due to the takeover offer. Fib based extension Resistance / Support lines are listed on this chart. I don't see heading past $29 or below $23 on the bounce personally until more definitive news is reached. I still like IPL long term though I & I plan to re-enter at a later time.
I
by PtahX
Yield play with potentialHigh Yield stock with an extended deal with Air Canada. This will probably draw investers with fear of a drop in the markets over the next year. I expect some ranging between $6.85 and $8 but has potential to be a "Safe Haven" for yield seekers. 55% Payout Ratio with a steady dividend for the past 13 years. Calculation of the Graham Number shows it valued around $7.91 and is on the border of a defensive value stock. Currently trading at a discount in my mind.
TSX:CHRLong
by PtahX
Great Canadian Gaming - Bounce TargetsChart speaks for itself. Perfect bounces off of key fib levels. A bounce close to the .618 fib level would line up perfectly with the upper trend line of the channel along with the 200EMA. GC was not the most volatile stock but was a cash cow pre-covid with great margins and growth. Will continue to look for great buy opportunities even if we break below the bottom trend line of the channel. Massive volume spike but not too much of a price move which could be a signal of strength.
G
by thiluxan_s
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.
BShort
by gamer456148
Canada's TSXCanada's TSX is an interesting index. The stocks listed in it represent roughly 70% of the market cap of all publicly traded Canadian companies. For perspective, the last data I could find puts the S&P 500 at around 83% in the US. As with many indices, it formed a nice wedge from the March lows, but there are some special differences here: the island top reversal (circled) that we see on some of the US indices was promptly closed just four trading days later, though the peak of that no-longer island remains the high point of the first counter rally of this bear market. And furthermore, because the counter rally that has formed after that peak has been so strong, the trend line formed from the February high to the June high, which remains intact on the S&P and Dow and others, has been breached on the TSX. Perhaps that means that the actual initial channel that is formed when we do drop will be less steep than those that form in the US markets I have indicated that potential channel with the red line. On the long-term chart (below), I see two very interesting things. We may have, like the S&P 500 and Dow, a broadening formation on the TSX. If the markets deteriorate, I would expect for us to aim for that lower channel, but: there is a very strong, multi-decade trend line that is fully intact (orange). As you can see on the S&P 500, the Great Financial Crisis killed that same trend line: It will be very interesting to see if that can hold, given that it stands in between where we are at now, and the bottom of that broadening formation.
TSX:TSXShort
by CHTradingGroup
1
CHR Mid-Term & Long-Term SetupEasy sell signal at top of the channel. Now looking for re-entry positions. Possible re-entry levels: $3.06-$3.20 (Dotted Line inside channel) - Not only is there so much price action here it also lines up with the 50MA. Could be a great bounce target. $2.55-$2.75 (Bottom of Channel) - This is key support of the channel and would probably have a lower chance of occuring but in my opinion is a grea long-term hold. If we give up this key support level then we could see much lower prices depending on the overall market conditions.
TSX:CHR
by thiluxan_s
3
CHR Mid-Term & Long-Term SetupEasy sell signal at top of the channel. Now looking for re-entry positions. Possible re-entry levels: $3.06-$3.20 (Dotted Line inside channel) - Not only is there so much price action here it also lines up with our 50MA. Could be a great bounce target. $2.55-$2.75 (Bottom of Channel) - This is key support of the channel and would probably have a lower chance of occuring but in my opinion is a grea long-term hold. If we give up this level we could see much lower prices depending on the overall market.
TSX:CHR
by thiluxan_s
AC.TO for the Long RunI am 21 and besides trading , I have set aside a designated portfolio for long term holdings. Stocks to hold up to 30 years. This is why I believe Air Canada is a suitable stock for any retirement portfolio. 1) Current market price is lower than IPO price from 14 years ago. 2) Given the current market price, there’s a return opportunity of 158% or $30 gain per share assuming the ceiling price is the all time high of $50. 3) Canada has a population of less than 40 million people. Given that’s the second biggest country in the world with one of the highest qualifies of life, one can expect lots of immigration, travel, and tourism growth. All good news for the airline industry. 4) Oil prices have never been lower, and that’s another great news for a company who’s biggest operating expense is fuel. 5) Just like the United States government has bailed out United Airlines, the Canadian Government will do the same thing to save the biggest and most prestigious air line in the country. So even if the company goes bankrupt, government bailout is a reality. Note - I believe the stock price will drop momentarily, and that’s when I’m preparing myself to double my current position.
TSX:ACLong
by normaescobarca
26