Very interesting pattern potentially forming on BES.
With a flat bottom forming, a flag pattern is starting to shape up on BES. This is not a guaranteed move of course, it could head-and-shoulders back down to it's normal lows.
Please do your own due diligence, research the company, manage your risk. Check the news and watch for large purchases.
I'll admit right up front, my analysis here is super simple chart reading, key levels, support/resistance and taking a quick look at options. On the daily/weekly charts, this stock looks like it is setting up for a double or triple bottom, basically at current price of $2.39 USD, and could easily be a $4-5 stock two years from now.
But you tell me in the comments.
Whether or not you see this as a viable play depends almost entirely on whether or not you think the niche industry of Helium capture and re-sale is a high-growth sector or not. I happen to think that the hype is real, as long as you're taking a conservative long-term approach to your analysis. I do NOT believe this will retake all time highs (roughly $2-$3) in...
Looking for a repeat of the last play I made here, with purchases at or around $0.24 CAD and selling back out at around $0.37 CAD, netting profits of approximately +54%. YMMV.
Telus is making massive investments across Canada as one of the few major telecommunications providers in the country. Telus has taken on debt and directed revenues towards the creation and permanent installation of enormous amounts of physical infrastructure across Canada's physically-large land mass.
TELUS is investing $28 billion across Ontario from 2023...
