RY 144.17 0.4529% TD 77.39 0.0517% SHOP 78.87 -1.3878% CNR 171.64 0.5625% ENB 50.09 -0.4769% CP 110.62 0.6277% BMO 128.85 -0.548% TRI 233.58 1.1563% CNQ 103.29 -0.174% BN 60.87 -0.2295% ATD 75.6 -1.447% CSU 3697.0 1.1582% BNS 65.76 -0.3485% CM 66.6 -0.5525% SU 54.21 1.1569% TRP 53.15 0.3398% NGT 58.54 -0.3405% WCN 226.5 0.4123% MFC 35.905 0.9986% BCE 46.75 -0.5954%

CA Technical Analysis Report

S&P/TSX Composite index edged higher, 2 TSX-listed stocks to consider at the current levels- TSU and KBL

Nov 28, 2023

Company Overview: Trisura Group Ltd. (TSX: TSU) is a Canadian based company engages in the provision of specialty insurance. The company's operations currently include specialty property and casualty insurance (Surety, Risk Solutions, and Corporate Insurance business lines), underwritten predominantly in Canada. K-Bro Linen Inc. (TSX:KBL) is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks.

Canada Market Round-Up

The benchmark S&P/TSX Composite Index (TSX: ^TSX) started the last week on a negative note and maintained a bearish momentum for the entire week. The S&P/TSX composite index declined by 72.66 points (0.36%) to 20103.11 for the week ending November 24, 2023. On October 02, 2023, the index closed at 19177.18, down by 364.09 points or ~1.86%. Technology, Basic Materials, and Real Estate were the leading sectors, While Industrials, Utilities, Consumer Cyclicals, Healthcare, Consumer Non-Cyclicals, Financials, and Energy were the lagging sectors on Monday. As per the data published by Statistics Canada, Canadian retail sales increased 0.6% to $66.5 billion in September. The weekly chart indicates that the index prices are trading below the horizontal trendline resistance zone. Moreover, prices are sustaining below the 50-period SMA, which may act as a resistance level for the index. The immediate resistance for the index is around 20650, while the immediate support exists at 19450. On the weekly time frame, RSI is reading at ~51.57 levels.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA Employment Change, U.S Prelim GDP q/q and U.S Unemployment Claims.

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The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.