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
Canada
USDCAD, Bullish DivergencePossible price reversal. Let's see what's going to happen when USDCAD hit the horizontal support. Bullish divergence is obvious. Agressive traders can buy when price approach the horizontal support and more conservative traders can open long positions once when price break above the red trendline.
AMERICAN BULLS CRASHING CAD AFTER 4TH JULY?Hey Guys,
I am short on CAD for some time - odds are in favour of USD at this play. I am taking this trade with a 1/9.25:risk/reward - I am also long on EURCAD for some time. Initial target 1.35 with stop loss extending to 1.33 - following a TP on 1.37 - spikes might be in play
Keep it Real!
$BRVRF Potential News Within the Next Week or Two$BRVRF Has steadily been accumulated following the anticipation of news that should be coming within the next two weeks. The company a Canadian based mineral mining and exploration company recently said that it showed positive results on its Castle Copper Project and anticipates a Phase 1 and 2 NQ Diamond drilling of the area.
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!
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.
Friday close was bearish...Although Canadian numbers came in VERY weak, oil prevented USDCAD from flying up to the moon and kept it contained. OPEC has agreed to a smaller than expected production boost, estimated 1m combined per day output increase. Technicals are pointing towards a minor correction, whether USDCAD will then continue up remains to be seen. 1.3383 is the latest high wick, although it failed to close above the previous candle.
$bxeLike the look of the EMA ribbon, very aesthetic
Doubled my position at .98, still looking for another bullish drive up.
no SL... letting it ride for now, as I say... scared money don't make money
ST Short USDCADUSDCAD is showing big bearish divergence on the slow stochastic.
Big news coming up with regards to Bank of Canada and interest rates. If they hike, that could be your catalyst for the move lower.
Look for it to start breaking support. Short when it gets close to resistance for best entry.
Looking for 100 maybe +100 pip move from the highs.
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.
Rising wedge, near resistance...RSI overbroughtUSDCAD has been on a rampage and strongly bullish for some time now. It struggled with 1.3040 after multiple attempts, but since breaking it, it has shot up! As everyone hopefully knows in the FX world, nothing can go up forever...Although the overall trend looks bullish, I would be looking to short this market for a correction down. Potential retest of around 1.30ish
APH - NeutralCanadian weed stocks are in a weird spot right now. Any wiff of news will send them either way. Legalization has been stalled (naturally) by the Government until they can figure out how to properly capitalize on it and shut out most if not all private vendors. Watching closely...
Trade Idea - ENBUpdating my short-term assessment on ENB of last week. I'm targeting ENB to hit the area between the level 1 of the fib extension from the last rally and the 0.618 fib retracement level from this year's highs, after the last retracement rally already gone through the 0.382 level, I think it's time to go for the 0.618. There should be some resistance around 43$CAD though.
Target 45-46$CAD / Stop Loss 39.50$CAD. 4/1 reward-risk ratio. Upside 12%+
S&P TSX VENTURE COMPOSITE INDEX long ideaThis Canadian index is full of precious metals, like gold and silver miners, cannabis stocks and commodities based resource stocks. It has been consolidating for quite some time as you can see... Looks to be breaking out now. Could be a good idea to find some decent picks in this index to go long over the next year or two.
Possible Short in play with the Loonie CADUSDDoes Canada hate its currency? Seems like it, time to short this shitcoin.
Cheers.
"The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice."
CADCHF ShortAs we can see from the diagram, a nice Head and Shoulders pattern unfolding on the Daily timeframe on this pair. BoC's hawkishness provided us the spike up today to form the right should and the price was stopped at old broken support that has now become resistance. Moreover, the price is capped on the topside by the 200EMA. We also have the bearish crossover on the MACD.
I expect the price to move down over the coming days.
Big picture USDCAD is still in a corrective wave 4Big picture the Canadian dollar can see continued strength over the next couple of months. With an elevated crude oil price which directly impacts the currency through exports (54% of exports are petroleum related) we can see 1.16 before we turn higher.
Despite issues with Canadian Real Estate USDCAD is still a shortThere is clear and present danger in the Canadian real estate market with Toronto house prices & sales down double digits on a year over year basis. The real estate market on the West Coast has been largely unaffected to date but I suspect its a matter of when as opposed to "if". The point is, when the market drops enough the CB in Canada will have to put the fire out at the mercy of the currency.
For now, Canada exports are 54% petroleum or petroleum-related products and oil still has a little more upward price pressure before the cycle ends! For that reason I expect USDCAD to drop before a large rally possibly next year!