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Nice cup and handle pattern with breakoutBombard has long been a TSX laggard but, much like blackberry, its looking at big gains in 2018 following the release of C-series that was heavily delayed on many fronts (which was not good for them) In the last weeks it has broken through resistance that was holding it back for almost 3 years at the $2.80 region and has broken out from a cup and handle formation on exceptional volume. I'd defenetly be looking to enter long around $2.95-3.00 region as this stock has become a beauty to hold again for 2018 from a technical and fundamental standpoint.
TSX:BBD.BLong
by MysteriousPersian
1
SHORT AUDCAD PLAYSTOP LOSS : 1.02547 TAKE PROFIT : 0.96055 Risk-reward : 2x Longer term trend: Sideways Current trend: Bullish General comments: Price spent most of its time in between the 1.012 and 0.9605 since 2016. Last week's candle pierced through the resistance and closed within the range. The wick is 2.77x of the main body with none at the bottom of the bearish pin - this translates into an excellent bearish pin, with a recommended entry point of just below the pin. What I like: 1) Excellent candlestick formation, a textbook example. 2) Price can move lower and retest the resistance on the daily chart, creating another opportunity to seize the potential bearish move. What I dislike: 1) Since this idea is based on the weekly chart, the stop loss is relatively far. This means volume of trade, permissible within risk limits, is low. Other things to note: I expect the trade to take around 100-200 days to hit the price target of ~0.96055. * Do support by liking and following! All suggestions/feedback welcome! x, iskfx
Short
by PineConnector
EURCADThe Euro / Canadian Dollar denotes how many Canadian Dollars are needed to purchase one Euro. Crude oil is one of Canada's largest exports and as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly traded currencies in FX. Throughout history there have been numerous times the euro has been used as a funding currency during times of global economic uncertainty. The EUR/CAD typically has a slightly higher average true range than the majors, offering more opportunities to intra-day traders & swing traders alike.
Short
by FxGalaxyPremium
#USDCAD: US Dollar 'Short' 1.1950, then 'Long' 1.2510 OANDA:USDCAD Observations 1)During 2017, USDCAD experienced 4-Massive Bearish Candles: January, May, June, July, and December. 2)When you zoom those months' performance, you find that all shorts from 'High to Low' could have banked a max accumulation of (600) pips. 3)January 2018, trades from 1.2590 to 1.2282 which translates only to (290) pips meaning; if TVC:DXY keeps bleeding at least until it lands near 86.85, then USDCAD has all the ingredients to drift lower and hit 1.20s, there I could see a 'TRAP' touching 1.1915-1.1880 region and reversing. 4)Never forget NAFTA 'Gallo Tapao' (Latino quote to describe a strong player that everybody knew was there from day 1) Stand: Short to squeeze extra +-300 pips, then building longs towards 61.8% Fibonacci level 1.2550 or from low calculate +480 pips max, that's it.
Short
by josericaurte.jaen
ACB in its last correction wave releasing good newsACB looking like its completing one last correction wave before stabilizing somewhere in the $9-$11 region. That being said they have just released great news so this could interrupt the last correction and continue on its bullrun but i find this unlikely. All in all, don't try and fight the bull market. Cannabis is exploding right now and you'd best hold this one, it still has much more room to grow. That being said, a short around soon to be 13$ could be possible since id like to see it consolidate around 11$ before taking off again.
TSX:ACB
by MysteriousPersian
OGC Reversal after a long downtrend, great buying opportunityThe last few trading days show that this is a good buying opportunity and stock has probably reversed. Stochastic shows it climbing up from an oversold position and MACD histograms show that the market is trending positively. I believe OGC could rise up to its previously long held position of $3.45-3.50. I am placing a stop loss at $3.00, to give myself about 2% breathing space as the stock has been in a downtrend for a long time and the bulls may need some time to gain momentum.
TSX:OGCLong
by AnishBadwe