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Action off the squeeze NUTSXV:NU I've been watching this approaching its 52 week low for some time and as a business they fail to really excite me. As a trading opportunity, however... In the life of this stock it has touched the top of the BB9 on the weekly chart three times after a squeeze. Each time was followed by significant upward action. As the volume profile tells us that most of this stock was traded in the 14 to 18 cent range, I am quite happy taking a position around 8 or 9 cents. Given the industry that they are in and the revenue the cannabis industry is currently enjoying, I cannot see this stock breaking it's 52 week low of 6.5 cents, which is where my stop loss would be for a loss of 1.5 cents per share. Risking a potential loss of around 18% for a potential easy gain of 50% to potentially much more, in an industry that is booming globally, on a stock that has historically demonstrated upward action off performance it is exhibiting currently - I feel strongly that this is a no brainer for a 'quick buck'.
NShort
by Keeegs
Trading Above Rising 50-day Moving Average LineUrbanimmersive went up 88.89% on August 15th on more than 10 times average daily volume as a result of a very strong earnings report. As a result of this jump in price, the stock is now trading above its 50-day moving average line which has been trending upwards and towards the 200-day moving average line. Also, the accumulation/distribution line has been trending upwards. Tradingview's technical summary is BUY. Morningstar's current fair value for Urbanimmersive is $0.13, which is more than 60% above the current stock price.
TSXV:UILong
by IntelPowerTrader
TSX: Slow Decline; CDN Dollar To Rise Noticeably through 2020As we continue to slowly tip-toe in a global recession likely sometime in 2020, with a bear market in the stock market set to happen at anytime within the next year, the TSX will only follow suit. As always, nothing goes up and down in a linear straight line. There will always be fake outs for bulls and bears, but the overall trend of markets around the world will be in the decline - even if we re-test ATHs at some point. The TSX. compared to the USA indice counterparts are typically delayed by 3-6 months from troughing out, and losses are typically muted somewhat (comparatively speaking). As history takes us back to 2008, the USA typically sets the bar between Canada and the USA for cutting interest rates. Because the USA cuts rates typically 2-4 quarters before Canada, usually the DXY falls, while the CXY rises. I would not be surprised before the end of Q1 2020 if the Canadian Dollar is back near 90 cents US. By Q4 2020 or Q1 2021 the CXY may be back on par and potentially worth more (again, temporarily) before falling in 2022. As I have said in many of my ideas: long gold, long silver and buy and hold weed stocks (for now) as they are a sector guaranteed to rebound in the near-term. Which ones do I recommend? CWEB, VGW and Planet 13 for direct players; ENW and GRWG for auxiliary players. Always choose your entries wisely and never chase break-outs; wait for pullbacks. It is important to hedge accordingly. The overall market has overextended and I would refrain from investing in the big stocks in the Dow, SP500 and Nas100. Pick your entries accordingly and I recommend 50-60% of your portfolio should encompass gold and silver with an additional 20% in weed/weed auxiliaries and 20% held for any potential entries on stocks set to rebound or for shorting leveraged funds like the HUV and TVIX. - zSplit
TSX:TSXShort
by PaulDeep19131
Overall view of USDCAD - Update of July 15th's weekThe pair has been selling off since June, loosing more than 500 pips. The weaker dollar is due to the fact that the US indices inventories favour a bull run, fuelled by the optimism that Feds will be cutting interest rates this month and the current impasse of the trade wars. Thus, the trading volume is steady, and we are likely to experience more downside movement. Nonetheless, chances of a reversal are increasing : Institutional buyers are increasing at the expense of buying retailers. Possible targets: @1.29000 (+130 pips) and @1.28000 (+220 pips). Advice: Stay bearish and short at any high points while we don't break upside @1.31000 which would create a new consolidation.
Short
by Theperfectionist