Exit Case: HIVE Blockchain Technologies Ltd. (TSXV: HIVE)

Overview: HIVE Blockchain Technologies Ltd. (TSXV: HIVE) is in the business of providing infrastructure solutions in the blockchain industry, including the mining of digital currencies. Its projects include Iceland Cryptocurrency Mining Project. HIVE has been a part of the 'Momentum Model Portfolio' since November 06, 2024. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the closing price of CAD 7.35 as on November 12, 2024.

HIVE’s Daily Chart

New Entry Case: Canada Goose Holdings Inc. (TSX: GOOS)

Overview: Canada Goose Holdings Inc. (TSX: GOOS) is a Canadian company known for its high-end outerwear, including jackets, parkas, and other cold-weather clothing, catering to men, women, and children. The company designs, manufactures, and distributes its products globally, with a focus on premium quality and craftsmanship.

Technical Analysis: On the daily chart, GOOS prices are trading above the falling trendline support level, 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 ~41.62. However, the prices are below the trend following indicator 50-period SMA.

GOOS is recommended as a new entry in the 'Momentum Model Portfolio' as on November 13, 2024. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the closing price of CAD 13.60 as on November 12, 2024.

GOOS’ Daily Chart

Support and Resistance Summary (As on November 12, 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 12, 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.