PHICAPITALINVESTMENTS

PHICAPITALINVESTMENTS

My short term outlook for Canopy Growth Corporation (TSX:WEED). I believe we are in the midst of a small correction. I see the price bottoming out around the vicinity of $50 before we see a return to the higher upside trend. Going to continue to monitor and purchase shares at the bottom if my analysis holds true.

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Just starting to take a look at these marijuana stocks a bit more seriously.. my previous analysis on TSX:WEED (see below) seems to be panning out so I'm pursuing this market a bit further.. don't usually trade company stocks so this might be my way into that world.. still seeing the same kinds of natural patterns I'd encounter on Forex or Comex charts, so giving...

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S&P500 Price heading into a critical price range.. We should find out soon whether the long term correction that started at the end of January will continue for one more leg (B-C) to the downside (min target range of $2500-$2450), or if the correction has indeed finished and the trend to the upside prior to the end of January will take over once again.. 1) If...

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Been monitoring this one for a while now for a nice sell entry. I am expecting a long term move to the downside to start soon, which should keep falling for most of this year and bottom out around $1100. We may be seeing the formation of the sell entry flag for this move, but I still need to watch a bit more to gain confidence that the move is actually going to get going.

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Canadian ganga stock I'm monitoring.. might get into it if it gets below $20.. ganga is expected to become legalized by July 1st here so I'm interested to see what happens..

PHICAPITALINVESTMENTS Updated 

This is what I think the market will be doing for the first half year of 2018.

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USDCAD Daily Analysis Update

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GOLD Long Term Analysis

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Short term short, long term long

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this upward movement is not sustainable.. I would monitor for long term sell opportunities

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Expecting one more move down (C wave) to complete the correction before continuing on the long term uptrend.

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GBPJPY 1H Possible Sell Setup

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USDCAD 4H Possible Buy Setup

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EURAUD 4H Possible Buy Setup

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Watch for an uptrend after the correction; possibly triggered by the upcoming election.

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Watch for possible downtrend triggered by upcoming election.

PHICAPITALINVESTMENTS Updated 

Watch for a break out.. if yes, observe for a break out of the bigger structure if no, can expect one more down to C point and then up

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1H corrective structure (in yellow) seems to have been completed and chart seems to be gearing up for the continuation of the bullish trend in the upper level structure (in light blue). Watch for what the chart does near the end of the C wave. I am expecting it to peak around 1.28769 and then we will see reversal of the trend.