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Long trade to $0.35-0.40 (CAD) and watch for higherNevada Lithium Resources continues to add to and refine their economics. Recent drilling show a dramatic increase in Li-ppm (approx 2x) in their minable zone, and the team is now testing for Li-bearing brines. The Bonnie Claire deposit was ranked #3 world's largest Li-bearing sediment deposit in the world, and they continue to grow and will likely take the #1 spot with infill drilling. nevadalithium.com Current PA demonstrates strong positive CDV and RSI correlating with recent price increase. It is reasonable to expect a rise back to recent highs. This will make the 3rd test of the $0.35CAD resistance level. If and when this level breaks, it could be a blue skies run to $0.71CAD ($150M market cap) and beyond. Considering their NPV of ~$3 billion USD, a 20% market valuation equates to approximately $2.84USD per share or $3.83CAD.
NLong
by nothximgood
CHR(Chorus Aviation) Short Term Investing 1I estimate that CHR share will reach a value of 3.5+- Canadian Dollar within one year (3-12 months), this is a increase of 35%+- Stop loss is around 2.25 CAD Despite the last quarter earnings release being negative, which is the biggest cause for the share dropping to a 2.36 low, the company still looks healthy, the liquidity still good enough (filled my order with 10 seconds just 0.01 above current market price) and debt still firmly managed. I guess there are certain factors that need to be considered, I personally do not know the lifetime of planes in Chorus Aviation's fleet, I will do some research if the lifecycle of these planes are not nearing end of service, could be a red flag but otherwise I see no reason why this share won't reach at least 3.50 CAD. Also at this point its the most deviated from the SP500 trend, very deviated, a reversion might occur. Book value is more than twice current market value. Long-term debt to total equity has decreased in the last 3 years and is better than the industry average. Income covers debt payments. Profit margin in the green. Analysts are on average estimating that the share will hit above 4 CAD, the low estimate is 3.3+- CAD I have bought 2000 shares at 2.64 CAD, that is 3000-4000 dollars, will attempt to hold for one year. We have a nice double bottom forming. Share might be oversold. USA interest rate hikes likely to only increase minimally or slowly from this point if it does increase. Might just leave money even if stock price goes lower than 2.25 CAD, just shift holding term to 3-5 years
TSX:CHRLong
by ricomister
NTR(Nutrien LTD) Short Term Investing 1I estimate that NTR share will reach a value of 100+- Canadian Dollar within one year (6-12 months), this is a increase of 30%+- Stop loss is around 67.00 CAD for one share. I see the market in general that will likely experience more of a uptrend in one year's time because of the USA interest rate hike cycle ending. I see Nutrien performing better because of the war in Ukraine stagnating and farmers slowly returning to their crops, alongside a somewhat easing of geopolitical tensions. The share value is very undervalued or it is at a bargain price. Analysts are on average estimating that the share will hit above 100+ CAD, the low estimate is 100+- CAD The company has had a bad year or so in the past, I see a potential bottom. I have bought 100 shares at 73.70 CAD, will attempt to hold for one year or more or if target price is reached.
TSX:NTRLong
by ricomister
1
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.
TSX:WNDRLong
by WheretheStreets_HaveNoName
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.
TSX:OGILong
by MarketIntel