1. Exit Case: First Quantum Minerals Ltd. 

Overview:

First Quantum Minerals Ltd. (TSX: FM) is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Finland, Turkey, Spain, and Mauritania.

FM has been a part of the ‘Growth Portolio’ since 10 September 2024, however, considering the recent rally, trading above resistance levels in the stock, support & resistance levels, and ~20.88% upside from the entry price, an ‘Exit’ is recommended from the stock at the price of CAD 17.95, (as on 28^th February 2025).

First Quantum Minerals Ltd. (TSX: FM) is a part of Kalkine’s Growth Portfolio and has breached its resistance level around which an exit case emerges.1.1 Support and Resistance Summary as provided in our last published report dated 10 Sep 2024.

1.2 First Quantum Minerals Ltd. (TSX: FM) 

2. New Entry Case: Shopify Inc. (TSX: SHOP) 

Overview:

Shopify Inc. (TSX: SHOP) Shopify is the leading global commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size.

Technical Analysis: On the daily chart, SHOP prices are trading above an ascending trendline, indicating positive momentum. The 14-period Relative Strength Index (RSI) stands at approximately 45.51, reflecting strong buying interest. Additionally, prices are positioned above the 21-period Simple Moving Average (SMA), which could serve as a support level. The key support for stock is at CAD 149.65, while the critical resistance level is at CAD 183.29.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook an ‘Entry’ is recommended in the ‘Growth Portfolio’ at the current market price of CAD 162.04, as on (as on 28^th February 2025). 

Shopify Inc. (TSX: SHOP) has been identified as the new entry to our Growth Portfolio.

2.1 Support and Resistance Summary (as on 28^th February 2025)

2.2 Shopify Inc. (TSX: SHOP)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (28^th February 2025). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.