
MY JOURNAL FOR MONDAY MORNING – JULY 27, 2020
NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS
The following are documented trade ideas featured each week in Capital Ideas Digest
Five Questions About Money: Michael Emory, Allied REIT CEO – Uncommon Sense Investor 📺
Premium Brands Holdings (TSX:PBH) – Weekly Chart
Premium Brands continues to push higher from a small continuation triangle that is located within the larger multi-month pattern. This is bullish price action and suggests further upside price momentum to follow.
Empire (TSX:EMP.A) – Weekly Chart
Empire has finally broken out from the continuation pattern we’ve been highlighting over the past few weeks. This technical signal (breakout) suggests a continuation of the prevailing uptrend is now underway.
FirstService (TSX:FSV) – Daily Chart
FirstService has just broken out to a 52-week high (and new all-time high) on massive volume. This price action is very bullish and suggest a continuation of the prevailing uptrend has commenced.
Gibson Energy (TSX:GEI) – Daily Chart
Gibson Energy is setup near the apex of an ascending triangle continuation pattern while the PPO momentum indicator attempts to move higher off the zero line. Watch for a breakout.
TC Energy (TSX:TRP) – Daily Chart
After gapping higher, TC Energy has built a tight bullish pennant formation over the last 8 days. Price action is now setup near the apex of the technical pattern. Watch for an upside breakout.
GFL Enviromental (TSX:GFL) – Daily Chart
GFL Environmental is threatening to breakout from a continuation pattern to a new all-time high while the PPO momentum indicator accelerates higher.
Kirkland Lake Gold (TSX:KL) – Weekly Chart
Kirkland Lake Gold is pushing up against the underside of a major horizontal trendline as price action threatens to breakout to a new all-time high from a multi-month basing pattern. This technical setup is very bullish and suggests a continuation of the prevailing uptrend is near. Watch for the breakout.
Roxgold (TSX:ROXG) – Monthly Chart
Roxgold has started to breakout from a giant multi-year continuation pattern. Bullish bullish chart!!!
Village Farms (TSX:VFF) – Weekly Chart
Village Farms is presenting an interesting technical setup. Price action has broken out from a multi-week falling wedge pattern and is now pushing up against the underside of a major horizontal resistance line while the RSI momentum indicator attempts to accelerate higher. Watch for a breakout.
MOMENTUM ALERT SIGNALS 📡
Have a great day! 🙂