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Significant Reversal in WEF?1. Daily chart shows "Three White Soldiers" or three bullish candles. Price is closed out quite well. Three such candles haven't been seen before at a low point in the downtrend. This suggests that this may be a significant low point. 2. Weekly chart show a bullish hammer followed by a week with a higher high and higher low. 3. On both time frames, bullish price action is happening at the lower bollinger band . Go long at 2.40. Stop Loss at 2.21. Projected price range is 2.75-2.85. Give it a little extra room, in case of a immediate pull-back.
TSX:WEFLong
by AnishBadwe
SHOP - The w[E]ed-[Commerce] solution from CANADA So you should know this buy now www.cbc.ca And if you are from Ontario and over 19 years old, I bet you also know what happens on October 17, 2018. www.ontario.ca Shopify Inc. (Nasdaq: SHOP) is a company that’s about to make billions from the end of marijuana prohibition without ever touching the leaf. It’s the online retailer – not Amazon.com Inc. (Nasdaq: AMZN) – that just inked a contract to provide an e-commerce platform for a major Canadian cannabis retailer. You see, when Canada goes fully legal later in summer 2018, pot companies will want to sell (and their customers will want to buy) their wares online. Makes sense. And the great news for investors in Shopify? The Ontario Cannabis Retail Corp. (OCRC) – the government agency in charge of sales in the province – is relying on Shopify, and only Shopify, to make it happen. That’s going to be a huge boon for cannabis investors. Ontario is home to 13.6 million people, with bustling Toronto and its financial sector at the heart of the province. That’s the perfect place to begin cashing in on Canada’s legal weed market, which Deloitte says could hit $8.7 billion over the next few years. But that’s really just the beginning for Shopify. This tech-forward company develops the kind of sophisticated software that allows small retailers to plug into e-commerce platforms like Amazon and sell their stuff. With Shopify’s platform, they can manage orders, collect sales dollars, and send out emails to buyers. Or, if they prefer to go it alone, Shopify can help small retailers build their own online storefront, handle multiple sales channels, and plug into social media for customer outreach. That business model alone qualifies this as a solid choice for investors. Its sales grew an average 85% over the past three years, compared to 26% growth for Amazon during that stretch. Now, OCRC has picked to exclusively use Shopify’s e-commerce platform for cannabis sales online. Shopify’s technology will also be used inside OCRC’s Ontario Cannabis Stores to process transactions and for digital kiosks displaying product information. And Ontario is just the “first mover” here. Many of Canada’s other nine provinces are likely to follow the leader here in choosing the home-grown Shopify (which is based in Ottawa) as their e-commerce partner. That could double Shopify’s total market opportunity there. In fact, Quebec province-based grower Hydropothecary Corp. has already chosen Shopify to help it sell medical marijuana online. Thanks to moves like the OCRC deal, Shopify’s total addressable market stands to exceed $50 billion… As a side note, just imagine if they integrate cryptocurrencies
TSX:SHOPLong
by johntuca
Please BEAR with me : Canada's Inflation and NAFTA dealMy trading belief is that when the price hits the certain range (USDCAD Avg Monthly Range = 300+ish pips), by default it should reverse minimum 60% of the recent move (some of you call it "a retracement") if not the entire move. Candle patterns that I look for in a way to confirm a reversal/retracement is on its way is Piercing Candles or Engulfing Candles. One of the rules I set is that the retracement/reversal bias upon hitting the trading range (in this case, Avg Monthly Range) remain true (the original upside target marked by the red 'X' on the chart) UNTIL one of these candles occurred to invalidate the bias (i.e a bullish retracement bias will be invalidated by a bearish engulfing/piercing candle) The bearish engulfing candle occurred due to the Canadian inflation numbers. If the inflation numbers are that high, the expectation for the Bank of Canada to hike interest rate in September might as well be increased. Moreover, I've read news that the NAFTA deal can be sealed sometime this month which adds more reason to set the Canadian Loonie bias from Bearish to Bullish (BEARISH USDCAD)
Short
by sufiansaid
Penny Stock CYPHER for bullish reversal + FUNDAMENTALSNemaska Lithium TECHNICALS - We have a clear cypher pattern on the long-term chart. And the $0.65-0.70 zone is a strong resistance. This is a strong sign for a trend reversal . FUNDAMENTALS - Nemaska Lithium is a Canadian company sitting on one of the biggest lithium deposits in the world. The First production is expected to be sold in 2019, the last annual report did not reveal any delays in construction of the plant. The company has multiple buyers on contract for future production. There is significant growth potential thanks to cell-phones, electric vehicles and the overall battery market which is expanding very fast and will continue to do so. In addition, the company is backed by SoftBank and the Quebec government. These factors put together make me pick this stock for strong growth on a 6 month-1 year horizon. I encourage you guys to dig deeper on fundamentals as I am not giving to much details here.
NLong
by Tutur
7
USD/CAD (*Selling is a way to go)USD/CAD We were right the previous calls on this pair along and it is about +500 pips. I am expecting USD is on the slides and CAD is due to strengthen as well. So, that makes a perfect pair for a potential SHORT. It may hive and jive around a little bit but sooner or later, it shall slide to 1.285x area. Press "Like" and "Follow". Sonic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Short
by SonicDeejay
2
CVSI - GRAND SLAM - Generational Opportunity - BUY!CVSI is a once in a generation opportunity. The company produces pharmaceutical grade CBD from cannabis. There are too many catalysts to name but the most recent one is that they have applied to move off the pink sheets to the NASDAQ. Also, Canada just legalized cannabis for recreational use and I believe the U.S. will be soon to follow. Lastly, CBD has a lot of promise for health and lifestyle products. CBD is literally being put in to make-up to dog treats. I came home the other night and my wife showed me the new dog treats for my aggressive basset hound. The dog treats had CBD as an ingredient and I checked Amazon to see the reviews. The product had 5 star reviews and everyone loved them. Also, CBD is legal from Hemp in the U.S. BUY BUY BUY! We are beginning the Cycle 3rd Wave now and are making new highs. -AB
OTC:CVSILong
by FibMarketWatch
4
APHQF, Aphria INC. Possible lower levels to look at!Trying my best to keep things simple! Were at the bottom of a wedge, just floating in no mans land. We have the 618 right above, and the 786 below equal distance. On the 4 hour, you can see sell signals at the top of the wedge, creating the last selloff. No buy signals in sight besides the more irrelevant smaller time frames, with the Ichimoku cloud directing bearish. With the 786 level just right there below, Im lead to believe we will fall to that level into a wedge until the end of the year. I do see a bounce coming this week on my yellow brick road, but will ultimately fall to the lower levels. You can see momentum leading bearish as well, with the bolly bands tightening up month by month. Long term this will always do great, but I try to play the bounces with no emotion! Another level to be aware of is the $4.20 area, (ironic). Only if the 786 wedge fails to break out coming November! Happy Trading, Debating, and Speculating! I want everyone to win!
AShort
by ToddGreen
EURCAD: Shooting Star & Bearish DivergenceEUR rally failed last Friday, so the shooting start candle formed on the daily chart. It's a very clear signal that 1.55 level is rejected. In the same time there's obvious bearish divergence on the daily chart and it's just matter of time when it will play out. Chances are EUR/CAD will drop to retest the horizontal support at 1.535 and the ascending trendline. If price break through them, it could continue down all the way to the strong support at 1.5.
Short
by djukic.nebojsa
The weed bubble is coming?There's some nice price action around the weed markets right now and Harvest One is no exception. The most obvious signal here is the RSI divergence forming right now. The price is settling way below ATH, and it needs some retracement upwards! Let's see if we will have a cannabis craze across the board. This is once again a low risk trade like the one I'm currently holding in Aurora (Check it out!). This is because of the buy indications on multiple timeframes looking at the indicators. I put in some conservative levels for the careful trader. A conservative buy would be above the yellow line, with a tight stop according to taste. Fib levels above are targets as usual. This is quite a new stock so the resistance levels are quite clear. The Ichimoku is just waiting to show some level breaking and support forming above this price. The cloud gives little resistance so after a smaller breakout, it's touch and go! Not financial advice though.
2Long
by RoyalOakFI