avedj94

avedj94

Weekly Cup & handle formation spotted on $CGX.TO. Canada is opening up, the possibility of another lockdown is low with an upcoming election. If the liberal party wins for the next term, CGX will benefit due to Liberal party's plan to support hard-hit businesses with the Arts and Culture Recovery Program. (liberal.ca) Basically the government will match ticket...

avedj94

$CGX's pattern currently looks like it could be forming an inverse H&S on a weekly. If validated, the target would be around $27. Canada is progressing very nicely in vaccination effort, with COVID case counts being steadily being lowered. Once the economy is reopened, 2021 is packed with good movie releases and Cineplex will soon be able to boom once more.

avedj94

Price has been making higher lows, while the rsi has been making lower lows over the last couple of weeks - with the Canadian vaccination effort taking off, I expect the market to behave similarly like that of the US (CNK, AMC..etc).

avedj94 Updated 

Looks like Cineplex is attempting to break out of the blue resistance - There is an inverse H & S pattern occurring on Cineplex on the daily. I posted mid-October that Cineplex has been consolidating near $5, now it has more than doubled since then. Target from this pattern is going to be around $17. Some events that will help cineplex bust through this...

avedj94 Updated 

Daily bullish divergence on the RSI - the price of CGX has printed a lower low with a higher low RSI, with the daily MACD also crossing over. Price has been consolidating on the 10 day MA. Current price reflects people's emotions and fears about the company and industry in general - and this can mean you can bet against that emotion and win big potentially (and...

avedj94 Updated 

Air Canada is one of the more undervalued stock right now, due to its uncertainty. Currently facing multiple MAs as resistance, but has bounced from the lower wedge support. Price has made higher lows bouncing from the monthly support as outlined in red box. Upside is to the upper boundary, to around $22.5 If travel restrictions loosens, and or COVID-19 vaccine is...

avedj94 Updated 

First Idea - Please go easy on me :) LOOM has some room to get some massive advantage over the next few weeks, IF Bitcoin behaves! Has a massive support line at 0.38 fib, coninciding with the end of impulsive wave 2. Vitalik supports this coin so long term play also looks good. Disclaimer: This is not financial advice. You make the decisions, you're in control...

avedj94

My first TA - Please go easy on me! :) Loom has previously been hyped by Vitalik and has the potential to grow in the upcoming bull season. (IF BTC doesn't drop dead and surprise us all) Disclaimer: This is not financial advice. Use your own decision and judgement to invest in cryptocurrencies. You click the buttons! You have control over your money!