BP P.L.C. (NYSE: BP) is taking a bad turn following in the footsteps of EXXON MOBIL the way down. The worst is never certain as the stock price is still struggling to avoid drowning by remaining above the rising support line on the weekly price chart. The bearish scenario will become more convincing on a […]
FORD vs TESLA – The Winner Takes It All
You may have seen this correlation uncovered by Bloomberg already two years ago comparing TESLA sales tracking FORD’s sales of the Model T: What sets the two companies apart? 100 YEARS, or in other words: the individual car vs. a computer on wheels, the ICE engine vs. the electric drive, Grand Pa’s mean of transportation […]
Deutsche Bank but not Deutsche Qualität !
Deutsche Bank AG, NYSE: $DB, stands out as a very weak member of the banking sector. Since 2008 the stock price continued to decline to almost one tenth of its peak value and it is only worth one third its value more than 10 years ago. The long term trend is clearly down, with the […]
Clean Commodities Corp. – Ready to fly
Clean Commodities Corp. , TSXV: $CLE, is a Canadian resource company with mining activities related to commodities such as lithium, cobalt, uranium, and zeolites. This stock is not for the faint-hearted but only for the bravest investors as it is making large price swings and does not provide for low risk stop orders. It is […]
EXXON MOBIL CORP. – Digging deeper into the ground
EXXON MOBIL CORP. (NYSE : $XOM) is in a very week configuration. On the yearly trend (lower left price chart) the historical bullish trend appears to have topped in 2014 and has since then stalled inside a contracting triangle. On the weekly chart the stock price has been capped by a descending resistance since mid-2016 […]
Weekly breakout candidates – BVN , CCU , HIW , WWE
This week I am starting a new exercise consisting is proposing securities that are potential breakout candidates, meaning stocks to play on the long side. I am neither a permabull nor a permabear, but based on the fact that on the long term the stock markets are always trending higher (due to long term economic […]
Aurinia Pharmaceuticals – Healthy correction to buy
Aurinia Pharmaceutical ( NASDAQ: $AUPH ) is an absolutely perfect Weinstein play: breakout of resistance line with an explosion of trading volumes, a rising 30-week average, strongly positive relative strength. The stock price follows perfectly the script and offers a new buying opportunity by hitting back the previous resistance line now turned into support line […]
BYD – An electric trap
The case for BYD (OTC PINK: $BYDDY) – the leading Chinese electric vehicles and renewable energy company – is very clear. The share price is entrapped in a long term contracting triangle and it has been painfully climbing a wall of worries since it bottomed in mid-2011. The 30-week moving average is trending upwards but […]
Myokardia Inc. – That stock is going to the moon, or at least I think
Myokardia Inc. ( NASDAQ: $MYOK) made an impressive weekly close with an anthology of Weinstein Stage II breakout criterias: – Breakout from Stage I – No overhead resistance – Rising 30-week moving average – Extremely positive Relative Strength – Massive volume increase It certainly has the potential of being a super-winner and to rise… “to […]
Editas Medicine – Accumulation phase
Editas Medicine ( Nasdaq: $EDIT ) is a gene editing company at the leading edge of the revolutionary CRISPR technology. The rising exchange volumes on the weekly scale has the hallmarks of rising interest and shares accumulation, whereas the relative strength is also progressively rising and should soon turn positive. Last week the price broke […]
Lithium X Energy Corp. – Watch breakout above 2.25 CAD
Lithium X Energy Corp. (TSX-V: #LIX / OTCQB: #LIXXF) – a lithium exploration and development company – appears technically well positioned to benefit from the coming electric mobility boom. On a monthly chart the stock market price is consolidating within a long term contracting triangle that follows an initial parabolic rise from a low at 0.35 […]
NNO break-out
To follow-up on the analysis posted two days ago, Nano One Materials Corp. #NNO (TSX-V) broke out during yesterday’s session (chart below does not account for the intraday high at 1.28 CAD).