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Bullish Pennant breakout for Hive! $39 CAD price target.Hive appears to be trading in multiple bullish patterns. Noticeably the stock is creating higher lows and higher highs forming a bullish pennant & a crude bull flag pattern. Hive has bounced off the upward sloping support of the pattern 4-5 times, displaying strong support for the bulls. Considering Hive is correlated to the price of Bitcoin & Ethereum we should see some volatile price action over the upcoming months heading into the US presidential elections.. Bullish cross on the KST Also, the halving will start being priced into bitcoin as a supply shock is on the verge of occurring near term.
TSXV:HIVE
by satoshi123
4
Air Canada Analysis 10/18/24DISCLOSURE: As of 10/18/24 I have no open positions in Air Canada TSX: AC Air Canada is a Canadian airline who took a big hit during COVID and added a lot of debt to their business. Because of the unstable financial position the valuation is very low and could provide large returns in the event of a turnaround. The Debt Looking at the debt ratios the debt/equity looks very high, but the debt/asset ratio looks much better. Of course as all airlines do they use debt to buy their planes and other assets. However it is worth noting that the debt here is a problem. (Higher than competitors) For a long term buy and hold I would like to see much more cash on the balance sheet, but this is a turnaround play after all. If Air Canada's margins decrease to unprofitable they may be forced to sell assets to cover liabilities. Qualitative Looking at the qualitative metrics it is obvious that Air Canada took large losses in 2020 but has since recovered in terms of earnings, revenue, and margins. The stock price however has not recovered, this is likely due to the debt load they are stuck with now. From a long term perspective airlines are notoriously bad businesses struggling with debt, unprofitability, and an extremely competitive environment. This is why I only intend to hold this stock for a maximum of 3-5 years. Valuations The valuations are where things start to look up for this company. With a price/cash flow of 1.75 you would be getting your investment back in about 1 year 9 months. On the other hand if they lose money and are forced to sell assets the stock will likely remain flat or decline further. The way I view Air Canada is as an asymmetric bet. For example, I assigned some arbitrary values to my model where I see a 25% chance that they sell off assets. a 50% chance that earnings and margins remain stable and a 25% chance that earnings and margins increase In the worst case scenario the stock will likely fall another 25%-50% and in the best case scenario AC could be a 4x from current valuations. Of course the risk/reward I am assigning to these values is subjective and I highly suggest doing your own research to see how you feel about these outcomes. For me at current prices Air Canada TSX: AC is a buy. So long as you keep in mind the potential risks and dont be shocked if the 25% chance of the downside materializes. If you enjoyed this report I publish 2 times per week and offer consulting, portfolio analysis, and contract research. PM me if interested.
TSX:ACLong
by sihen999
2
Banxa is a 100x GemThis could explode and do a 100x from here. Hidden gem, competitor to MoonPay which has a 3.4bn market cap, this company only has a 27m market cap. And the down-trend just broke. Nice breakout candle. Don't sleep on this TSX future giant. 1. Strategic Position in the Crypto Ecosystem Banxa acts as a crucial bridge between fiat and crypto by offering fiat-to-crypto on-ramps. As global interest in cryptocurrencies and decentralized finance (DeFi) grows, Banxa stands to benefit from increased transaction volumes. With a network of global partnerships, Banxa facilitates easy access to cryptocurrency exchanges, wallets, and other blockchain applications, creating a competitive edge over traditional payment platforms. 2. Regulatory Compliance Banxa has built a strong reputation for adhering to regulatory standards in multiple jurisdictions. As the cryptocurrency space becomes more regulated, its proactive stance on compliance gives it an edge over competitors that may face regulatory hurdles. Operating under a fully compliant and regulated infrastructure could allow Banxa to capture more institutional clients, which are becoming increasingly cautious about regulatory risks in the crypto space. 3. Global Expansion and Partnerships Banxa is expanding rapidly, particularly in high-growth markets like Asia-Pacific and Europe. Its partnerships with major exchanges and wallets (like Binance and Edge) enable it to scale more easily and tap into new revenue streams. This positions Banxa to grow alongside the broader adoption of crypto, especially as governments and financial institutions increase their involvement in digital assets. 4. Transaction Growth and Revenue Potential Banxa’s business model benefits from transaction-based fees, so as the volume of crypto transactions increases, its revenue naturally scales. As crypto adoption accelerates, driven by trends such as central bank digital currencies (CBDCs) and blockchain gaming, Banxa is set to capture a larger share of the growing pie. 5. DeFi and Web3 Integration Banxa is increasingly positioning itself as a gateway for Web3 applications. With the rise of DeFi, NFTs, and blockchain-based ecosystems, Banxa can provide the infrastructure for users to easily onboard from fiat into these new decentralized applications. This makes Banxa not just a play on cryptocurrency but also on the broader blockchain revolution. 6. Low Market Cap Relative to Growth Potential Banxa has a relatively small market cap compared to its long-term potential. Its current valuation doesn't fully reflect the rapid growth of the cryptocurrency market or the acceleration in its transaction volumes. Given its fundamentals, Banxa could be undervalued by the market, especially compared to competitors in the crypto payments space, making it a hidden gem with significant upside potential. Why It’s a Hidden Gem: Under-the-Radar: Unlike larger fintech or crypto players, Banxa is still relatively unknown, despite its crucial role in the ecosystem. Long-Term Growth Play: As more people adopt digital currencies and decentralized apps, Banxa will be essential for onboarding users, giving it significant room to grow. Institutional Investment Appeal: As Banxa becomes more visible and expands its regulatory footprint, it could attract more institutional investors, which could boost its stock price. These factors combine to make Banxa an attractive, undervalued player in the fast-growing crypto space.
TSXV:BNXALong
by TheTraderAndy
2
POSSIBLE BUYS💡 Today we analyze Standard Lithium Ltd. (SLI) at the request of a subscriber Standard Lithium operates in the lithium sector, key for electric vehicle batteries. Although it is in a downtrend, it is approaching a key resistance at $3.6. Breaking that bearish trend could signal a technical opportunity. 1. Market Positioning: With increasing demand for lithium, Standard Lithium could benefit if it achieves efficient extraction at its Arkansas project. 2. Technical Opportunity: If it breaks $3.6, we could see a trend reversal. 3. Better Benefit/Risk Ratio: There are companies with better benefit/risk ratios in this sector. Standard Lithium is volatile and not yet profitable, making investment in this company more speculative. 4. Recommendation: If an investment is considered, it would be prudent to do so with little capital, given the volatility and risk of the company. This analysis is not an investment recommendation. If you want us to analyze a specific action, you can write to us telegram with this na
TSXV:SLILong
by AnalisisDeBolsaDiario
PSK - 6 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
TSX:PSKLong
by TheArtOfCharting
CNR has always been a good buy around the 200 week SMACNR has always been a good buy around the 200 week SMA, even if it has taken some time to consolidate here first. Broadly I think markets are going to turn down, so the rally here will not start right away... The MACD averages have swung down again, implying more consolidation. I dont think I have to argue fundamentals for this company... theyre great. Upside is pretty predictable you just have to zoom out and imagine where this will be in a few years.
TSX:CNRLong
by MikeMM
$WEED * CGC CANOPY GROWTH CORP. EWP TC FIB 3W TF ANALYSISAs of October 2024, NASDAQ:CGC TSX:WEED is positioned within a significant Elliott Wave cycle, suggesting a complex market environment. Elliott Wave Analysis: Wave Structure: Wave 3 is currently in progress, with expectations to bottom around $2.46 to $2.06 CAD. This wave represents a major impulsive move downward. Wave 4 is anticipated to follow, retracing 38.2% to 50% of the decline from Wave 3, likely targeting the $6.50 to $9.00 CAD range. This wave is expected to exhibit a corrective structure, potentially forming a flat correction or triangle. Wave 5 is projected to extend down to $0.25 to $0.04 CAD, signaling a final capitulation phase in this bearish cycle. RSI Analysis: 1. Current RSI Level: The RSI is currently at 32.77, approaching oversold territory. This indicates that Wave 3 may soon reach its conclusion. 2. Divergence Signals: Bullish Divergence Potential: As we approach the expected bottom of Wave 3, monitor for signs of bullish divergence. If the price moves lower but the RSI shows a higher low, it could signal weakening downside momentum and a potential reversal. 3. Wave 4 Behavior: During Wave 4, we expect RSI to recover towards the 50 level, reflecting the corrective bounce while targeting the $6.50 - $9.00 CAD range. 4. Wave 5 Confirmation: In the subsequent decline of Wave 5, a final push to new lows accompanied by bullish divergence in the RSI would indicate a weakening downtrend, suggesting a possible bottoming pattern and future reversal.
TSX:WEEDShort
by Anakyn
4
SHORT Royal Bank of Canada at 168.8 due to divergencesHello! Id like to be short Royal Bank of Canada here at $168.8 as it has divergences vs Commonwealth Bank of Australia (Who are in a very similar position) and on its RSI. We had a similar instance in 2023, that ignited a 20% decline in Royal Bank of Canadas share price. Target is an 11% decline to the January 2022 high at $150. Stop is just a couple of dollars above the current share price at $172.00. This allows a 6:1 risk reward ratio. Thanks! Kavi
TSX:RYShort
by kavijh
$NXE continues to hold longterm monthly trendlineWe are seeing continuing pressure from the US to secure it's uranium supply as Russia hints at at restricting supply. Nexgen's The Rook I Project (Project) is the largest development-stage uranium project in Canada. The proposed new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin; located in Saskatchewan – a premier mining jurisdiction. Centred around the land-based, basement-hosted Arrow Deposit – one of the world’s leading resources – the Project maintains a robust economic profile and is being developed with elite ESG commitments focused on environmental protection and maximizing community benefit through a partnership approach.
TSX:NXELong
by luckyluuuc