2016 # 040 - Charles Nenner Research Center - Weekly Canada Report - Nov 24th 2016

 

 

(Stocks levels are as quoted on the Toronto Stock Exchange)

 

Agnico Eagle Mines

The stock reached and rebounded exactly around our downside objective of 55.

The sell signal given around 67 continues, as long as there is no close above 59.

A close below 54 will be project a downside objective around 44.

However, daily cycles are now bottoming again and will be up until around DEC 25.

A close above 59 will be a new buy signal.

If triggered, the signal will be canceled on a close below 56.

 

Bank of Montreal

The buy signal given around 85.35 continues, as long as there is no close below 87.60.

However, daily cycles are now topping again and will be down until around the end of JAN.

A close below 87.60 will be a new sell signal.

If triggered, the signal will be canceled on a close above 89.

 

Barrick Gold

The sell signal given around 22.30 continues, as long as there is no close above 21.04.

Daily cycles are down until around NOV 29.

Our downside objective is around 18.

 

ARC Resources

We are staying on the sidelines for the moment.

 

Encana

Daily cycles are now topping again and will be down until around DEC 5.

A close below 15.39 will be a new sell signal.

If triggered, the signal will be canceled on a close above 16.50.

 

Toronto Dominium Bank

Daily cycles are now topping again and will be down until around DEC 12.

A close below 62.70 will be a new sell signal.

If triggered, the signal will be canceled on a close above 64.

 

 

© 2016 # 040 - Charles Nenner Research Center - Weekly Canada Report - Nov 24th 2016

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