The S&P/TSX Composite Index is trading above the 50-period SMA, 2 TSX-listed stocks to consider at the current levels- KLD and DRX
Feb 03, 2026
KLD:TSX-V
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)
DRX:TSX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)
Company Overview: Kenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration across North America. The company’s strategy emphasizes advancing greenfield projects through systematic, property-wide, phased exploration programs. ADF Group Inc. (TSX: DRX) specializes in the design and engineering of steel connections, fabrication including industrial coating and the installation of steel structures and built-ups. The company also provides miscellaneous and architectural metalwork solutions, serving a range of industrial, commercial, and infrastructure projects. 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) ended the week slightly lower, down 3.69% to 31,923.52, but rebounded on February 2, 2026, rising 260.36 points (+0.82%), indicating renewed buying interest. Sector performance was mixed, with basic materials, consumer non-cyclicals, technology, healthcare, consumer cyclicals, real estate, financials, and industrials outperforming, while utilities and energy lagged. From a technical perspective, the index remains constructive, holding above its rising trendline support and the 21-period Simple Moving Average (SMA), confirming the uptrend. Immediate resistance is seen near 32,800, and a breakout above this level could open the door for further gains. On the downside, support is around 31,600, while the weekly RSI of 65.88 signals strong and persistent buying momentum.
On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA Employment Change, US ISM Services PMI and US Unemployment Claims.
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