DAILY BULL & BEAR REPORT June 29, 2017
DAILY BULL & BEAR REPORT
June 29, 2017
TODAY'S TRADE IDEAS
BULLISH
Norbord Inc (OSB:TSX)
BMO SP TSX EQUAL WEIGHT BANKS INDEX ETF (ZEB:TSX)
BB&T Corp (BBT:NYSE)
People's United Financial Inc (PBCT:NASDAQ)
BEARISH
SunOpta Inc (SOY:TSX)
Enerplus Corp (ERF:TSX)
Diamondback Energy Inc (FANG:NASDAQ)
SL Green Realty Corp (SLG:NYSE)
NORBORD INC (OSB:TSX)
Continuation Diamond (Bullish)
Trading closed at $40.63 to confirm an Intermediate-Term Bullish Continuation Diamond (Bullish) pattern
Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. The pattern begins during a downtrend as prices... more details
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7% move possible
BMO SP TSX EQUAL WEIGHT BANKS INDEX ETF (ZEB:TSX)
Rounded Bottom
Trading closed at $27.10 to confirm an Intermediate-Term Bullish Rounded Bottom pattern
Tells Me: There has been a gradual shift from a downtrend to an uptrend; there may be a sharp rally ahead. The Rounded Bottom represents a slow and gradual reversal... more details
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3% move possible
BB&T CORP (BBT:NYSE)
Symmetrical Continuation Triangle (Bullish)
Trading closed at $44.78 to confirm an Intermediate-Term Bullish Symmetrical Continuation Triangle (Bullish) pattern
Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish)... more details
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15% move possible
PEOPLE'S UNITED FINANCIAL INC (PBCT:NASDAQ)
Flag (Bullish)
Trading closed at $17.52 to confirm a Short-Term Bullish Flag (Bullish) pattern
Tells Me: The price seems to be resuming a sharp rally after taking a brief pause. A bullish Flag pattern occurs during a dynamic market rally, representing a brief... more details
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9% move possible
SUNOPTA INC (SOY:TSX)
Continuation Wedge (Bearish)
Trading closed at $12.65 to confirm an Intermediate-Term Bearish Continuation Wedge (Bearish) pattern
Tells Me: After a temporary interruption, the prior downtrend is set to continue. A Continuation Wedge (Bearish) represents a temporary interruption to a downtrend,... more details
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39% move possible
ENERPLUS CORP (ERF:TSX)
Hanging Man
Trading closed at $10.95 to confirm a Short-Term Bearish Hanging Man pattern
Tells Me: The price may have reached the top of the recent uptrend, showing it has been susceptible to selling pressure. The Hanging Man appears during an uptrend,... more details
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DIAMONDBACK ENERGY INC (FANG:NASDAQ)
Pennant (Bearish)
Trading closed at $86.60 to confirm a Short-Term Bearish Pennant (Bearish) pattern
Tells Me: The price seems to be resuming a sharp decline after taking a brief pause. A bearish Pennant pattern occurs during a dynamic market decline, representing... more details
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10% move possible
SL GREEN REALTY CORP (SLG:NYSE)
Symmetrical Continuation Triangle (Bearish)
Trading closed at $105.72 to confirm an Intermediate-Term Bearish Symmetrical Continuation Triangle (Bearish) pattern
Tells Me: The price has broken downward out of a consolidation period, suggesting a continuation of the prior downtrend. A Symmetrical Continuation Triangle (Bearish)... more details
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7% move possible
ABOUT TRADE IDEAS
Every financial instrument is analyzed after every market close to confirm whether a new chart pattern has formed or technical indicator has triggered a signal, giving immediate insight into the possible direction of the price. The analysis is done for you, with full commentary, so you can find out what the price action is telling you.
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