Company Overview: ​ Ballard Power Systems Inc. (TSX: BLDP) is a global leader in proton exchange membrane (PEM) fuel cell technology, specializing in the design, development, manufacture, sale, and servicing of PEM fuel cell products. Patriot Battery Metals Inc. (TSX: PMET) is a Canadian hard-rock lithium exploration company focused on advancing its 100%-owned, district-scale Corvette Property, located in the Eeyou Istchee James Bay region of Quebec. 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 S&P/TSX Composite Index (TSX: ^TSX) delivered a positive performance last week, gaining 254.08 points (+0.97%) to close at 26,429.13. However, on June 9, the index slipped by 53.33 points (–0.20%). Sector-wise, base metals, healthcare, energy, utilities, and telecom posted notable gains, while industrials, technology, and select financial stocks underperformed the broader market. On the macroeconomic front, Statistics Canada reported a slight uptick in the national unemployment rate, which rose by 0.1 percentage points to 7.0%. Technically, the index remains above both its horizontal trendline and the 50-period Simple Moving Average (SMA), supporting the continuation of the current uptrend. Key resistance is observed near 26,900, while support is identified around 25,750. The weekly Relative Strength Index (RSI) stands at 64.20, reflecting steady momentum and sustained buying interest.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA Building Permits m/m, U.S CPI m/m and U.S Unemployment Claims.