TODAY'S TRADE IDEAS
BULLISH
Calfrac Well Services Ltd (CFW:TSX)
Major Drilling Group International Inc (MDI:TSX)
Great Western Bancorp Inc (GWB:NYSE)
Enterprise Products Partners LP (EPD:NYSE)
BEARISH
Hardwoods Distribution Inc (HWD:TSX)
Pure Technologies Ltd (PUR:TSX)
EOG Resources Inc (EOG:NYSE)
PBF Energy Inc (PBF:NYSE)
CALFRAC WELL SERVICES LTD (CFW:TSX)
Trade Type Bottom Triangle
Price Chart
Trading closed at $3.66 to confirm a Long-Term Bullish Bottom Triangle pattern
Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. A Bottom Triangle... more details
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110% move possible
MAJOR DRILLING GROUP INTERNATIONAL INC (MDI:TSX)
Trade Type Flag (Bullish)
Price Chart
Trading closed at $7.70 to confirm a Short-Term Bullish Flag (Bullish) pattern
Tells Me: The price seems to be resuming a sharp rally after taking a brief pause. A bullish Flag pattern occurs during a dynamic market rally, representing a brief... more details
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6% move possible
GREAT WESTERN BANCORP INC (GWB:NYSE)
Trade Type Continuation Wedge (Bullish)
Price Chart
Trading closed at $39.14 to confirm an Intermediate-Term Bullish Continuation Wedge (Bullish) pattern
Tells Me: After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend,... more details
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20% move possible
ENTERPRISE PRODUCTS PARTNERS LP (EPD:NYSE)
Trade Type Double Bottom
Price Chart
Trading closed at $27.50 to confirm a Short-Term Bullish Double Bottom pattern
Tells Me: The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend.... more details
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5% move possible
HARDWOODS DISTRIBUTION INC (HWD:TSX)
Trade Type Hanging Man
Price Chart
Trading closed at $19.39 to confirm a Short-Term Bearish Hanging Man pattern
Tells Me: The price may have reached the top of the recent uptrend, showing it has been susceptible to selling pressure. The Hanging Man appears during an uptrend,... more details
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PURE TECHNOLOGIES LTD (PUR:TSX)
Trade Type Hanging Man
Price Chart
Trading closed at $5.65 to confirm a Short-Term Bearish Hanging Man pattern
Tells Me: The price may have reached the top of the recent uptrend, showing it has been susceptible to selling pressure. The Hanging Man appears during an uptrend,... more details
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EOG RESOURCES INC (EOG:NYSE)
Trade Type Top Triangle
Price Chart
Trading closed at $92.53 to confirm an Intermediate-Term Bearish Top Triangle pattern
Tells Me: The price seems to have reached a top, showing signs of reversal as it has broken downward after a period of uncertainty or consolidation. A Top Triangle... more details
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20% move possible
PBF ENERGY INC (PBF:NYSE)
Trade Type Top Triangle
Price Chart
Trading closed at $21.54 to confirm a Long-Term Bearish Top Triangle pattern
Tells Me: The price seems to have reached a top, showing signs of reversal as it has broken downward after a period of uncertainty or consolidation. A Top Triangle... more details
MORE DETAILS
100% move possible
Trade ideas are based on Technical Events identified by research. Every financial instrument is analyzed after every market close to confirm whether a new chart pattern has formed or technical indicator has triggered a signal, giving immediate insight into the possible direction of the price. The analysis is done for you, with full commentary, so you can find out what the price action is telling you.
Trading involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.
Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
