Exit Case: Coveo Solutions Inc. (TSX: CVO)

Overview: Coveo Solutions Inc. (TSX: CVO) is a company that specializes in applied artificial intelligence (AI) to enhance digital experiences. Through its AI-powered platform, Coveo provides businesses with tools to deliver more personalized and relevant digital interactions, which can significantly improve a variety of key performance indicators (KPIs) for enterprises. CVO has been a part of the 'Momentum Model Portfolio' since October 23, 2024. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the closing price of CAD 7.14 as on November 05, 2024.

CVO’s Daily Chart

New Entry Case: HIVE Blockchain Technologies Ltd. (TSXV: HIVE)

Overview: HIVE Blockchain Technologies Ltd. (TSXV: HIVE) is a prominent player in the blockchain industry, focusing on providing infrastructure solutions and services, particularly in the area of cryptocurrency mining.

Technical Analysis: On the daily chart, HIVE’s prices are trading above the falling trendline support zone, indicating the possibility of an upside movement hereon. Moreover, the momentum oscillator RSI (14-period) is recovering from lower levels and is showing a reading of ~52.69. Further, the prices are above the trend following indicators 50-period SMA.

HIVE is recommended as a new entry in the 'Momentum Model Portfolio' as on November 06, 2024. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the closing price of CAD 5.06 as on November 05, 2024.

HIVE’s Daily Chart

Support and Resistance Summary (As on November 05, 2024)

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 November 05, 2024. 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.