thelion01

thelion01 Updated 

TD touched weekly LBB and bounce also the support at daily 58.72. Yesterday candle combine with Wednesday candle confirm the temp bottom in and it should move back up to MBB and even UBB daily. I would get some here for a swing trade target at least daily MBB depends on mkt condition it should be able to reach daily UBB as well.

thelion01

Spy close below daily SMA50 yesterday and today seems to be the resistance. Spy has been making LH LL since oct 13. Yesterday action different from the last little while of BTFD. WIth covid cases raising, small businesses closing down, people depends on stimulus deal, 12 years of bull year?!?!! There is something no right and everything have a cycle, we are due...

thelion01

Before the gap up on news that BUFFET bought a bundle of stocks in ABX...now is back to that zone before the news. Also spotted a Falling Wedge. Will try some here for a swing...

thelion01

it has been banging it head to that 93 cents wall way so many times. It should be a go time when it breaks!

thelion01

AC has been floating the 15s range for a couple of days after the gap down and sell-off. Looks like it is forming a rounded bottom before the leg back up to MBB daily around the high 16s area. Looks like a low-risk trade. The risk to reward is 1:3. The trend is not in favour but if we consolidated here and the move back up to daily MBB could happen fast!

thelion01

it seems like it gain back the daily MBB as support and has be trading sideway for a bit. It could be another leg up from here if the MBB holds. WIll try some here.

thelion01

SInce we are in a downtrend, i would expect the gap below will get filled 14-14.20 May trade a little when it is testing the support and if the given condition is oversold.

thelion01

Outside of LBB, daily O/S - There should be a good chance the gap will get fill before another leg down. I would try some here.

thelion01

Looks like TD in making a daily bear flag....I would try some TD for a short term bounce around 62.20/30 if 61.75 holds.

thelion01

While Spy at ATH and Rei still range bounce and 40% from the pre-covid level is concerning. From here we could bounce back up to UBB given the market is stable. But if the Market consolidates from here, we could test the 14.60ish support lvl.

thelion01

bounced right at the breakout area 15.30/40ish Looks like a good sign for the next leg up :)

thelion01

Looks like money rotating to Banks which is great, however, there are 2 gaps that need to be fill. I will be short here with gap fill targets. The risk to reward is around 1:4

thelion01

WE all know reit is slow mover - with Toronto moving to stage 3 it will only benefit reit. Today maybe backtesting the trendline. Yesterday vol and sign is encouraging.

thelion01

Should ignore the noise of impairment charge, stil impressive with revenue. Risk to reward here should be around 1:5 aiming at least gap fill.

thelion01

See the trendline if we can bounced from here and green day tmr to confirm. Risk to reward trade is 1:2 should target at least the gap fill in short term.

thelion01

AS it showed if we can bounce from here to set the HL daily risk to reward trade is approx 1:3.

thelion01 Updated 

It has been a downtrend but seems like it finds the floor and let's see if it will bounce back up to close UBB with juicy dividend coming up. Currently trading at 2008 crises lvl could be a good opporunity to scoop up some for long run with juicy 10% annually dividend.

thelion01 Updated 

stop would be $352 and there are 2 targets - can take some off 1st target and let the rest run to gap fill. at least 1 to 8 if not stop out.