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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Javed Mirza commented about whether LUN.TO, CVE.TO, SU.TO, MG.TO, IFC.TO, HXU.TO, WBA, WFG.TO, BPY.UN.TO, ATVI, TOY.TO, META, TD.TO, ARE.TO, AQN.TO, AW.TO, KL.TO, BTO.TO, SHOP.TO, FNV.TO, VOD, ENB.TO, LB, YRI.TO, TSGI.TO, AC.TO, NVA.TO are stocks to buy or sell.
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COMMENT
Market Outlook He suggests putting money into the "risk-on" assets. The market was weakening back in April and had cautioned clients pause. Now they believe an intermediate low has been established and are recommending capital be redeployed back into the market. Today's price action is likely a signal we are about to move to new all time highs. This includes getting back into the crude oil space -- especially the integrated companies.
Javed MirzaUnknown
SELL ON STRENGTH
HOLD
He likes the chart and added to their position a few months ago. The recent sharp price move higher is signalling a need for time to digest the move. He expects another move higher shortly.
Javed MirzaOwned
Transportation
WATCH
The stock's uptrend has recently broken down. He likes the longer term up channel that has formed since early 2018 with higher significant lows, but thinks it may take time before it regains its momentum to the upside. The TMX announcement later today may impact the share price significantly.
oilgas pipelines
BUY ON WEAKNESS
Is gold hitting resistance? Gold prices are testing key resistance again at $1350 /oz. He thinks a pullback may be coming back towards $1300 soon and reaccelerate later in the summer to potentially test $1400 or higher. Trading in the mining space seems to suggest the smart money is heading for the exit right now. If you are patient you may be rewarded handsomely. FNV is a good quality holding for the space. The return to highs near $110 are looking a little long in the tooth. He would be patient to try to enter near $100 per share.
precious metals
COMMENT
Gold prices Gold prices are testing key resistance again at $1350 /oz. He thinks a pullback may be coming back towards $1300 soon and reaccelerate later in the summer to potentially test $1400 or higher. Trading in the mining space seems to suggest the smart money is heading for the exit right now. If you are patient you may be rewarded handsomely.
Javed MirzaUnknown
COMMENT
Which oscillator do you recommend? The MACD is the most commonly used. It measures the differences between a slow and faster moving average. Technicals are driven by herd behavior, so if you follow the more broadly used indicator you will better understand the moves in the market.
Javed MirzaUnknown
PAST TOP PICK
(A Top Pick Mar 15/19, Up 16%) He sees it continuing to press higher. He would continue to hold it as it is consolidating before an expected further push higher.
Javed MirzaOwned
0
PAST TOP PICK
(A Top Pick Mar 15/19, Up 6%) He thinks over the next couple of weeks, gold prices will retrace and he would look to buy into the weakness.
Javed MirzaOwned
Golds
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