Category Archives: Stocks

WEED.TO is smoking hot

The following is the 4-year chart for Canopy Growth showing the move from a penny stock to $20.38 today

Weed 4-year chart showing the major uptrend

Weed 4-Year Chart

DESCRIPTION OF BUSINESS

Canopy Growth Corporation is a publicly traded corporation, incorporated in Canada, with its head office
located at 1 Hershey Drive, Smiths Falls, Ontario. The Company’s common shares are listed on the TSX,
under the trading symbol “WEED” after the Company changed from the three letter symbol “CGC” to the
new four letter symbol on February 1, 2017.

The condensed interim consolidated financial statements as at and for the nine month period ended
December 31, 2016 include Canopy Growth Corporation and its subsidiaries (together referred to as the
“Company”) and the Company’s interest in affiliated companies. The Company’s major subsidiaries
include Tweed Inc. (“Tweed”), Tweed Farms Inc. (“Tweed Farms”), and Bedrocan Canada Inc.
(“Bedrocan”), which are all licensed producers of medical cannabis in Canada. The principal activities of
Tweed and Bedrocan are the production and sale of medical cannabis and the principal activity of Tweed
Farms is the growing, possession and shipping of medical cannabis as regulated by the Access to
Cannabis for Medical Purposes Regulations (“ACMPR”). A complete list of the Company’s subsidiaries
and interests in affiliates is detailed in Note 2.

https://www.canopygrowth.com/

https://cdn.shopify.com/s/files/1/0266/0901/files/Canopy_Growth_Corporation_Q3_17_Financial_Statements_December_31_2016_FINAL.pdf?389962808828230872

November 14,2017: Canopy swings to quarterly loss even as revenue surges 107%

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Painted Pony (PONY.TO) bouncing off major support

If you like Painted Pony, this is your entry point

Painted Pony bouncing from major support

Painted Pony 3-Year Candlestick Chart

PAINTED PONY ENERGY LTD.

A growth-oriented Canadian public natural gas producer, operating in the Montney formation in Northeast British Columbia. Painted Pony’s philosophy is to grow through production development drilling for natural gas and natural gas liquids. Read more…………………

Here is the Q3 release………

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Mastercard’s net income rose to $1.43 billion for the third quarter, from $1.18 billion in the third quarter of 2016

The weekly 3-year chart tells the story for Mastercard

Mastercard weekly chart showing the major uptrend

https://www.cnbc.com/2017/10/31/mastercard-earnings-q3-2017.html

http://s2.q4cdn.com/242125233/files/doc_financials/2017/Q3/3Q17-Earnings-Presentation.pdf

http://investor.mastercard.com/investor-relations/financials-and-sec-filings/quarterly-results/default.aspx

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Qualcomm testing major support at $50

Qualcomm testing major support around $50

The stock has faced headwinds as indicated by the chart and now more negative news today.

Qualcomm shares tumble amid reports that Apple might drop its chips

Update November 1, 2017: Qualcomm releases quarterly results.

Update November 3, 2017: Broadcom Plans Unsolicited Bid for Qualcomm

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

GE testing the major support zone around $28

GE 3-Year Weekly Candlestick Chart

https://www.ge.com/investor-relations/overview

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Shopify (Shop) chart showing the intermediate uptrend

I featured Shopify at $26.82 on March 8, 2016. Now at $75.95

Shopify daily candlestick chart showing the intermediate uptrend.

Shopify Daily Candlestick Chart

Reference my post from March 8, 2016 when it was trading for $26.82: “Shopify upgraded with a $35 price target. Breakout at $24. Near-term uptrend and momentum indicators confirming the move.”

Update May 2, 2017: Shopify reports first quarter results – Revenue +75%

Update May 3, 2017, Financial Post article: Why investors should stick with the ‘hot hand’ that is Shopify Inc.

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Adjusted or unadjusted charts in stockcharts.com?

Stockcharts.com displays adjusted charts as a default. The data is adjusted by adding dividends back into the stock price. When a company pays a relatively high dividend, this has a dramatic impact on the weekly chart. It is my opinion that unadjusted charts should be used in technical analysis. The following three-year weekly charts for Dream Office REIT highlight the impact of using adjusted charts. What chart would you use for your chart analysis? Or, does it matter?

Dream Office REIT 3-Year Weekly adjusted chart

Dream Office REIT 3-Year Weekly adjusted chart

http://stockcharts.com/articles/mailbag/2014/11/what-is-the-difference-between-adjusted-and-unadjusted-data.html?

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The following chart uses unadjusted data and this is the chart I would use for my technical analysis

Dream Office REIT 3-Year weekly unadjusted Chart

Dream Office REIT 3-Year weekly unadjusted Chart

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca