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DOL: signs of upside exhaustionsDollarama steadily rising trend seems to have stalled since Aug 2022 when stock price struggled to move above 83.5. Although the long-term bullish trend still is intact, however some signs of upside exhaustions indicate the possible downside risk toward a range between 73 and 75.4. Dollarama’s stock price is currently trading above 200-day moving average which suggests the long-term sentiment is not bearish; however, as stock has started to show some sings of weakness the risk of a downward move within the first quarter of 2023 has increased. A resistance zone ranges from 83.45 and 86 while supports are seen around 75.4 and 74.1. At current level Dollarama’s stock price offers a poor risk-reward given our base case scenario of 79.4 and 85 for March and Dec 2023 respectively. If price falls between 75.4 and 73, it would offer 10 to 30% upside potential while the downside risk is estimated to be around 10%.
TSX:DOL
by Quantific-Solutions
3
Canopy Growth: Ball Drop 🪩Just like the Ball in Times Square every New Year's Eve, the Canopy Growth stock is currently dropping it low. We expect the course to dig deeper into the blue trading area between C$3.49 and C$0.70 until it finishes the grey wave II. After completion, we're expecting the course to rise further North in the longterm. In our alternative scenario, the Canopy Growth stock course might exceed the C$5.55-mark already now, without pushing for further lows below the support line.
TSX:WEED
by MarketIntel
1
DAILY SECTOR WATCH🟢WEED STOCKS TOP 10 Teradyne Curaleaf Holdings Green Thumb Industries Trulieve Cannabis Corp Canopy Growth Corp Verano Holdings Corp Cronos Group Inc Tilray Brands Inc Cresco Labs Inc SNDL Inc 🔴CRYPTO COINS TOP 10 Bitcoin Ethereum Binance Coin XRP Dogecoin ADA Matic Tron Dot Solana 🟣INDEXES US30 S&P 500 FRA40 GER30 NTH25 ASX200 EUSTX50 JPN225 HK50 Banknifty 🔵SPACE STOCKS TOP 10 Iridium Communications Inc Ses Rocket Lab USA Inc Aerojet Rocketdyne Holdings Inc Viasat Maxar Technologies Eutelsat Communications Astra Space Inc Sats Planet Labs 🟤RETAIL FOOD STOCKS TOP 10 Kroger Company Albertsons Company Sendras Distribiduira S A Sprouts Farmers Market Grocery Outlet Holdings Weis Market Inc Ingles Markets Inc Arko Corp Companhia Brasileira De Distribuidao American Beyond Meat
CSE:GTII
by Honestcowboy
PNE Long-Term Bear Market starting within a few years?My Momentum Master indicator is showing extremely overbought levels on the Monthly, so when the red/white/green histogram falls below 15 it will signal the likely beginning of a tremendous bear market that could last 3-6 years overall. We can see what happened last time this signal occurred on PNE as indicated in my drawings here. Of course based on the previous high and higher high making an ascending resistance means there is more potential upside first.
TSX:PNEShort
by lysergik
1
BITF cyclical trade/investment (3-5 years)There a strong probability that the price can break lows $0.28 lows. But buying at these prices unleveraged is still great opportunity. In terms of sentiment on financial blogs and social media, most are wholeheartedly predicting the future demise of this stock. Personally, this exact same mentality surrounding this stock at its highs in terms of how they somehow knew it was underpriced and that it had upside potential. As usual the crowd is often wrong. Always a hard pill to swallow for them... (no bullish sentiment in terms of price action) There's a lot of uncertainty surrounding bitcoin miners and many are not able to keep up with how things are going. The risk are undoubtedly high and reward is EXTREMELY high... If they are able to manage this and survive. Obviously, the need to keep up to date with the crypto market and this stock is needed to determine if the risks are not worth the investment. example -> If something occurs with BITF and they seem to be going the wrong direction and if BTC drops extensively. I highly doubt that though seems like the majority of the pain and washout has been done and those who got burned left and those who survived will thrive. Mostly leaves it how macro develops and when it will allow BTC to thrive.
TSX:BITFLong
by Mecka
Niocorps Developments - the Big One CountThis Eliott Wave Count of Niocoorp Develoopments reflects a bullish longterm Supercycle upward impuls pattern of the marcet. Wave 3 upward impuls pattern should lead the PPS of the shares above 106 Dollar propably higher, after the a-b-c running correction of the past months. If the abc correction should last a little bit longer the 0.84 Dollar are an exiting entry point. Bu this scenario of a wave c extension within the running correction is not necessary. PPS can explode anytime within the start of the Wave 3 upward impuls. Note: This is no advice to buy or to sell a stock. Stock can rise or fall. Each investor is acting on his own risk.
NLong
by Indextrader24
1
There is Hope I got my love for TA first in Crypto, so of course I would want to get in on WNDR, WNDR is a long hold for me and also one I gather for future plans, as a new stock we have the opportunity to watch it as time pass and understand how it flows its also nice that if it plays in the same trendline its only until the end of Feb until it hits 0.005 cents lol so it has to do something by then lol but I love the easy to see resistance and support going back up to Feb 2022 prices lots of opportunity to double up on stocks just by selling and buying. but that's only if you think Crypto is going make a come back like I think it will in time but mort likely not with out one or two more dips
TSX:WNDR
by harrywill