Notice: The Daily Setups are provided for informational purposes only and are not intended as a stock-picking service. The charts and information provided are intended to aid research and analysis and should only be used as indicators. They should not be considered as a direct trigger to buy or sell any security. The creator assumes no responsibility for any actions readers take and strongly advises each individual to fully understand the risks and potential consequences before making any investment decisions. Please note that the charts shared are not intended as signals to buy or sell but as a tool to add to your watchlist and analyze according to your trading ability. Remember that not all charts will result in buy or sell actions at any time.
Just a friendly reminder: We update the sector chartists every weekend. We highly recommend that you take some time to browse and create your watchlist. Please pay close attention to the Daily Setups and Workspace scan results for potential future additions to stay ahead of the game.
If you’re facing challenges understanding the Daily Setups or need help crafting a trading strategy, don’t hesitate to ask for assistance. You can contact me via email at info@setyourstop.com or reach me through the Workspace. Let’s schedule a Zoom meeting to address your specific requirements and provide you with the guidance you need.
Canadian Daily Setups
BAM.TO – Brookfield Asset Management Ltd.
Brookfield Asset Management is positioned on the right side of a significant cup base, currently situated just below new highs. Keep a close watch for any signs of upward momentum, as it could potentially lead to a breakout.
LINK TO CHART – https://schrts.co/FdCzPhur
MDA.TO – MDA Ltd.
MDA is currently consolidating just below its 52-week highs. Be attentive to signs indicating a continuation in upside momentum, as this could potentially lead to a breakout.
LINK TO CHART – https://schrts.co/YtaRPayz
NVA.TO – NuVista Energy Ltd.
NuVista Energy is making an attempt to break out from a significant basing pattern, which takes the form of a continuation triangle.
LINK TO CHART – https://schrts.co/rSivDxXK
OBE.TO – Obsidian Energy Ltd.
Obsidian Energy is in the process of trending higher, stemming from a giant continuation pattern.
LINK TO CHART – https://schrts.co/wxaEZMDR
OVV.TO – Ovintiv Inc
Ovintiv is currently consolidating within a bull flag or continuation pennant pattern. It’s worth noting the presence of a large volume by price bar, indicating accumulation within this pattern. Be watchful for any signs pointing to the continuation of the uptrend.
LINK TO CHART – https://schrts.co/ZyTsXvWD
STEP.TO – STEP Energy Services Ltd.
Step Energy Services seems to be in the process of initiating a breakout from a notable falling wedge continuation pattern.
LINK TO CHART – https://schrts.co/DQVweXGN
Canadian Scanner Results
Click on the CandleGlance chart to view it in full size, and if you find a chart that fits your criteria or interests, you can easily save it to your watchlist for further analysis and tracking.
