RY 133.62 0.2325% TD 80.66 0.3608% SHOP 96.69 -2.3432% CNR 170.96 1.5503% ENB 49.46 1.228% CP 112.45 0.196% BMO 126.9 -0.2672% TRI 208.55 -0.2583% CNQ 106.0 0.5406% BN 54.95 -1.0267% ATD 77.31 -0.3609% CSU 3649.3 -1.2892% BNS 63.12 -1.5596% CM 64.92 -0.3683% SU 54.025 0.4369% TRP 49.43 0.5288% NGT 59.66 12.8428% WCN 226.31 -0.593% MFC 31.94 -0.6532% BCE 44.92 -0.817%

Stocks under $1 Report

S&P/TSX Venture Composite Edged Lower, 2 TSXV-listed stocks to consider at the current levels- LITH, OCO

Mar 15, 2024

Company Overview: Lithium Chile Inc. (TSXV: LITH) is a Canadian organization focusing largely on acquiring and developing mining sites in Chile and Argentina. Oroco Resource Corp. (TSXV: OCO) is an exploration-stage mineral company engaged in the acquisition, exploration, and development of mineral properties in Mexico with a primary focus on its Xochipala property in Guerrero State, Mexico. 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 Venture Composite Index (TSX: ^JX) started the week on a negative note and continued the momentum. On March 14, 2024, the index closed at 549.47 with an overall week-to-date (WTD) loss of 4.56%. Energy and Real Estate were the leading sectors, While  Healthcare, Basic Materials, Consumer Non-Cyclicals, Industrials, Financials, Technology, and Consumer Cyclical were the laggards on Thursday.

As per the weekly chart analysis, the index prices are trading below a falling trend line resisatnce zone. The leading indicator RSI (14-period) is hovering below the midpoint and is showing a reading of ~46.78. Moreover, the prices are trading below the  50-period SMA, which may act as a resistance zone in the near term.

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