COMMENT
It broke above $3.20 and so far it looks okay, but this trades at low volumes.
COMMENT
The chart shows a possible head-and-shoulders, but it hasn't completely that formation yet (since early 2018). A neckline around $28. If it breaks that level, it is very positive, but he isn't sure it'll happen. Wait and see. If it doesn't, exit.
WEAK BUY
Qualcomm or Cisco? Qualcomm may be breaking its trendline; it's choppy and not for conservative investors. The chart is merely okay. Cisco has rolled over and has consolidated; it's rangebound. If Cisco breaks out of this range, it's very good. At least Qualcomm is in an uptrend, so he slightly favours it.
DON'T BUY
Qualcomm or Cisco? Qualcomm may be breaking its trendline; it's choppy and not for conservative investors. The chart is merely okay. Cisco has rolled over and has consolidated; it's rangebound. If Cisco breaks out of this range, it's very good. At least Qualcomm is in an uptrend, so he slightly favours it.
BUY
A Canadian bank or a bank ETF? What's the seasonality? Seasonality is fall into spring. BNS is a contrarian play, but which banks depends on what you want. ZEB is the ETF to play.
BUY
Metals have seen a yo-yo ride, but have broken out since mid-2019. As long as AEM stays above the $70 neckline, this is good. There's room to break-out, though a retracement to $70 can be possible. He likes gold and silver, generally speaking.
TOP PICK
The chart will continue to bounce up and down, but he's sure a US-China trade deal will be signed. The countries need each other. When this happens, Chinese markets will pop and this is the best place to be. BABA is his biggest Chinese holding. (Analysts’ price target is $222.81)
TOP PICK
It's a trade. It's market-sensitive and rangebound. He's buying around $195 and targets $220. Buy it around $200. It may or may not break-out. (Analysts’ price target is $241.25)
TOP PICK
He holds 30% cash that he will spend after he rotates out of some stocks in the coming weeks. Be ready to jump in and buy stocks on your watch list.