RY 162.35 1.8635% SHOP 118.31 4.7733% TD 85.3 1.3305% ENB 62.89 1.0119% BN 69.04 3.9446% TRI 252.41 1.2191% CNQ 40.5 2.2211% CP 100.93 -0.2471% CNR 135.19 -0.9525% BMO 130.06 1.8082% BNS 66.52 1.3098% CSU 4660.0 1.1875% CM 82.37 1.8548% MFC 40.43 2.823% ATD 72.84 1.237% NGT 75.81 -0.7203% TRP 67.685 0.917% SU 48.92 2.3217% WCN 271.25 0.7578% L 216.2 0.3574%
Exit Case: HIVE Blockchain Technologies Ltd. (TSXV: HIVE)
Overview: HIVE Blockchain Technologies Ltd. (TSXV: HIVE) focuses on blockchain infrastructure solutions, primarily through digital currency mining. Their notable project is the Iceland cryptocurrency mining project, which leverages the country’s renewable energy resources for efficient mining operations. HIVE has been a part of the 'Momentum Model Portfolio' since August 21, 2024. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the closing price of CAD 5.34 as on October 22, 2024.
HIVE’s Daily Chart
New Entry Case: Headwater Exploration Inc (TSX: HWX)
Overview: Headwater Exploration Inc (TSX: HWX) is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta.
Technical Analysis: On the daily chart, HWX’s prices are trading above the rising 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 ~55.41. Further, the prices are above the trend following indicators 21-period SMA.
HWX is recommended as a new entry in the 'Momentum Model Portfolio' as on October 23, 2024. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the closing price of CAD 6.78 as on October 22, 2024.
HWX’s Daily Chart
Support and Resistance Summary (As on October 22, 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 October 22, 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.
The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.
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