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Canopy Growth: C'mon, Do Something 👉The price of Canopy Growth is currently relatively flat. However, we believe a significant setback is needed to complete the white wave II in the turquoise target zone between CAD 0.430 and CAD 0.265, as expected. Only then should a significant move higher occur in the form of the turquoise wave 1, which should extend to around CAD 1.20. Alternatively, we see a 47% probability that the price is already in this wave. This scenario would occur if the price breaks the resistance at $0.8000 without reaching our target zone
TSX:WEEDLong
by MarketIntel
CNQ - 10 months HEAD & SHOULDERS CONTINUATION══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TSX:CNQLong
by TheArtOfCharting
2
MSVMinco Silver reacted with an upwards swing from my time projection zone for a wC and is one of the reasons i am bullish here . Other reasons are i see it as being under accumulation for a long time already . They control a deposit of over 60 million ounces of silver in China . The stock has become insanely cheap and the way i see it is it either bottoms out soon or disappears altogether . I believe today and beginning of next week will see the final bottom in mining shares and the best deals for a long time to come . Time to load up .
TSX:MSVLong
by SilvaBull
VSRVanstar is sitting on a discovery of 5 moz of gold in Quebec . The project is being developed by Iamgold with Vanstar holding 25% . The stock has come down a whole lot where i consider it cheap at current gold prices . If gold goes up in price it should have a direct impact on the stock price . This is called skewing the odds in your favor . This doesn't even account for the potential of new discoveries as they are actively drilling both Nelligan and their 5 other projects . This is one of the most significant gold discoveries in Quebec and it is well known that those geologists who make big discoveries often go on to make more . This one seems like a no brainer at current prices . Technically there are some hurdles but im willing to wait it out . The accumulation channel looks bullish as well . vanstarmining.com
VLong
by SilvaBull
1
INX Digital (INXD) Posts Massive Gains Amidst Crypto CrackdownINX Digital (NEO: INXD)(OTC: INXDF) is a blockchain technology provider that is a disruptor in the field of fully regulation-compliant crypto and token trading and listing solutions. The company launched its INX security token in 2017 in a process that was groundbreaking in its close supervision by the SEC. In the years since, INX went public on stock exchanges so equity investors could likewise benefit from its revolutionary approach to the blockchain industry. Furthermore, numerous companies have performed primary token offerings on their in-house platform in what represents the future of capital raising in the world of web 3.0. Over the course of recent months, INX has seen an injection of momentum that can be pinpointed to a strategic investment by Republic Group, a NYC-based FSIB provider that is working to penetrate the booming blockchain market. The deal was for a $5.25M investment in INX, representing a 9.5% stake in the company. Furthermore, the two have entered into a non-binding prospective term sheet that raises the prospect of an acquisition for a valuation of up to $120M. In response to the strategic investment, INXD and INXDF share price skyrocketed, with both posting triple digit gains YTD. Recent Q2 financials reported by INX to Canadian regulatory authorities furthermore testify to the company's strong financial position and fast-growing user base as well as net amount of funds under management. Revenue in Q2 increased 16% YoY, whereas new customer registration rose by 50% compared to Q1 '23. Looking forward, INX seems aggressively positioned for forward growth in the midst of ongoing M&A negotiations. The term sheet with Republic Group is a promising start, but the robust performance of share price testifies to the fact that investors may be expecting an even bigger deal from major players in the crypto market like Coinbase (COIN), Binance (BNB), or Ripple (XRP). As major exchanges are increasingly embattled by US litigation and increased regulatory scrutiny, the INX solution opens a path for a legal, transparent, and secure blockchain space.
NEO:INXDLong
by dave_kellr85
NBVA / NBVAF - Base formation = progress and potential breakoutNBVA / NBVAF - Nubeva Technologies - has patented a solution to ransomware. It is an endpoint software - easily and inexpensively deployable - that intercepts and enables fast, inexpensive and complete reversal of ransomware infection. It has been tested extensively and validated by third parties. Sales numbers may ramp exponentially over the next several quarters. The economic and security benefits of their product are significant. It is an SAAS model. Thinly traded, the stock has previously formed several bases and tested significant breakouts that sputtered from lack of support. With increased visibility and an expected improvement in company fundamentals, as well as the potential for meaningful news flow, an explosive move to the upside is possible - support levels will rise accordingly.
TSXV:NBVALong
by DTM_5
NEO formed a triple bottomNEO (Canada) is engaged in the extraction and production of rare earth metals, etc. Other similar companies are e.g. Lynas (Australia) and MP Materials (USA). My post is preferably a technical analysis. Neo has been in a declining trend and is still so as the SMA 50 is below the SMA 100 which is below the SMA 200 but they converge. And there is formed a triple bottom, which is a reversing formation (1,2,3). If we get a significant break above the resistance line at 9.04 there is a buy signal. Conversely, if break down at the support line 7.94. There has been a poor correlation between price peaks and volume peaks, but since the end of June the volume balance has been positive. RSI 21 follows price and OBV rising from end June. The sum of Oscillators and MA stands one day to one week on purchase and one month on sale. Consider the stock technically neutral in the medium term – one to 6 months. Fundamental analysts (5) are predominantly positive about the stock and have a price target of CAD 13. NOTE! Liquidity is slightly low at an average of 62,414 per day. NOTE! There is a geopolitical risk as part of the business is in China. 32% of turnover comes from China. Keep in mind that you need to do your own research and assessment before buying and selling. Disclaimer: I have a position in the stock. Sources: Trading View, Yahoo Finance.
TSX:NEO
by scorpiris