Hive hit key support?Hive may have just hit long standing support.. could be a good spot to start a position
WNDR restabilized and trending upWonderfi's 2 standard deviation bollinger band on a 233 SMA pinched within the previous two months. After a positive surprise earnings a few days ago (2023-11-14), the price is now back above the 55 SMA and for the first time above 233 SMA while pushing the upper bollinger band on the 21 SMA. This suggests the price has finally stabilized around the low teens and now moving upwards on both strong technicals and positive news. The next 2-3 weeks will determine if the price will continue to push the upper on the 21 SMA band and if so will target ~0.25 by mid Dec and ~0.30 by Feb '24 or the price will trend horizontally again remaining in the 0.15-.0.20 channel by Feb '24.
Looking a few quarters out, if this company can integrate its recent acquisitions and start to turn a profit it has a chance to rise to the 0.50-0.80 range. Wonderfi currently benefits from a dominant position in the Canadian crypto market having multiple regulated exchanges. Moreover, Wonderfi will continue to benefit from the expected strong inflows into digital assets. However, as more exchanges become regulated in Canada (i.e. Kraken, Coinbase, Gemini, etc), Wonderfi will face tough competition unless it is able differentiate itself to customers and outperform its peers.
FCU - URAUranium stock - TSX
Clear macro market cycles
IPO into down trend - descending triangle = bearish
2019 horizontal support breaks which results in capitulation in 2020 -80% from March 2019-2020 March.
Down trend breakout in 2021 with retest to now support.
Bull flag formation in 2021-2023 with retest of 0.55 key swing low level now acting as support.
Bull flag breakout, this asset is inherently bullish.
Target is new highs.
Long $MRUThis chain of store have BEEN going up for many years. This little retracement at 69$ is the perfect entry for a swing to 74-75$. I'm buying this stock at 69. The next day it hit 71$ because of a new. Sold it at 71$ and going back in at the next 69$ retracement.
This is no financial advice.
massive distribution in-playHere we see a massive bearish wedge. It is suspected that lithium price is leading this probable collapse.
Organigram: Motivated Bulls 🐂💪Organigram's share price was again characterized by bullish movements last week and attempted to cross the C$1.74 mark. Just on Friday it succeeded in doing so by a small margin, although we still do not believe that the price is in a real upward trend and should establish itself sustainably above this level. We are much more likely to expect a descent to the turquoise Target Zone between C$1.33 and C$0.63 as part of White Wave II, although based on past price performance we now locate the low in the upper part of this Zone and no longer in the lower part. Only when the low is in the bag should a turnaround be heralded and the price make a sustained gain. It should rise above the resistance at C$2.68.
CNR New Week BuysLooking to buy CNR at Mondays market open. Fundamentals currently lining up with technicals. Position might become longterm depending on initial reaction. manage your trades appropriately.
TSX:CNR
BHSTaking advantage of the current beatdown in the silver price to scoop up silver assets for pennies on the dollar . Many of these tiny players could be potential future takeover targets .
I like the pattern on this one . bayhorsesilver.com
BIGGo BIG or go home . Adding more on the correction . Looks like a classic ABC triangle in play here . Could be a top but i doubt it .
AAGAdded this one today . Liked it in the past and it's way cheaper now . Sweet bottoming pattern here . Load the truck !
IGOIndependence Gold appears to be entering a W3:3 from my perspective . If this is correct we should see a substantial price appreciation coming soon as confirmation . The companies properties are located in BC and the Yukon so in good jurisdictions which is important to me as i try to minimize investments in mexico and south america . Their exploration efforts have resulted in recent new discoveries . Their BC property is located near Artemis' blackwater project so that is a huge plus for potential silver discoveries . Also their management team is stacked full of seasoned mining professionals and geologists . Checks all the boxes for me .
NGNovagold looks to be at the beginning of a W3 impulse move higher . This stock has been out of favor forever ! It's another one like NDM that seems to have been in alaska permitting purgatory since as long as i can remember ... but like NDM they got the goods and one day ... hehe ... at these levels i figure this is worth throwing some money at . I dont care about the news really, i will let the chart pattern guide my decisions here .
TSX IPOs: Dumping on Retail as a ServiceQ4 Inc listed at $12/share and raised $100 million when it IPO'd in 2021.
The lowest it went was $1.88/share.
Their latest play is....getting acquired for $6/share by a PE firm.
Only way to have made money on a bunch of these stocks and poorly-performing companies was to short right after IPO and to go long when they're 1/5th their IPO price until they're acquired.
Dye and Durham Downward SpiralMaking acquisitions to artificially boost their numbers, their software has not improved in years. Their recently announced layoffs and "back to office" attitude will help them get costs under control, unfortunately their product will not improve and they will have to increasingly rely on sales tactics and lock-in, an Oracle-lite strategy where the current customers find it difficult to switch and stay with the product for 5-10 years while new customers are increasingly harder to find.
They'll end up at $7, we've seen this story play out for other software companies where the product offering hardly improves and the customer pipeline slows down.
Then they'll get bought out by a larger player, same strategy as DNDT but at a larger scale.
New Found Gold New Found Gold is looking great for the long run.
This discovery is in a great location, with strong leadership, & local government support.
NFG has lots of financial backing from strong hands like Eric Sprott & Palisade Gold.
Once this project goes into production, NFG will be in a good position to make large profit margins.
First Majestic could turn around nicely First Majestic has been having a rough year for sure.
But I feel they could see a strong break out over the coming 1-5 years.
The king of canadian dollar storesthe king of canadian dollar stores. a solid swing, but also porbbaly a long term buy. An overall great company
probable turning pointMarket sentiment with respect to this exploration drilling companies stock price and gold price action. It would appear that price is nearing some kind of probable turning point, as weekly RSI looks oversold.
Katipult TechnologiesI don't know what this thing does or is but I kind of like the chart.
Making myself a reference to see if this pattern plays out. Double bottom or are we coming lower?
Wonderfi / BitbuyPersonal reference for company behind Bitbuy / Canada
Strong pattern forming. Double bottom on a weekly. Target apprx .70 cents over time as Canadian market begins to look strong
