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
COST.NE – Costco Wholesale Corp – Canadian Depository Receipt
Costco continues consolidating along the breakout line, leading to new 52-week highs. Monitor for a continuation of the uptrend.
LINK TO CHART – https://schrts.co/MyPCukUR
GOOG.NE – Alphabet Inc – Canadian Depository Receipt
Alphabet is consolidating along the recent breakout line as a PPO momentum indicator attempts to curl higher off the zero line.
LINK TO CHART – https://schrts.co/FenTGbhi
MSFT.NE – Microsoft Corporation – Canadian Depository Receipt
Microsoft appears to be setting up off of the lower trendline of a continuation wedge. Take note of the positive divergence as a PPO momentum indicator makes a higher low while price made a lower low.
LINK TO CHART – https://schrts.co/mjGuUhaI
RBA.TO – Ritchie Bros. Auctioneers Inc.
Ritchie Bros continues to consolidate below a breakout line. Monitor for upside momentum.
LINK TO CHART – https://schrts.co/xPthsRBR
TSLA.NE – Tesla Inc. – Canadian Depository Receipt
Tesla continues to set up off of the lower trendline of a continuation pattern. Monitor for upside momentum.
LINK TO CHART – https://schrts.co/IFPwUmsd
UNH.NE – UnitedHealth Group Inc – Canadian Depository Receipt
UnitedHealth appears to be on the verge of a breakout from an area of consolidation. Refer to the US Daily Setups for the complete chart.
LINK TO CHART – https://schrts.co/IFPwUmsd
Canadian Scanner Results
Click on the CandleGlance chart to view it in full size. Find a chart that matches your criteria or interests. You can easily save it to your watchlist on StockCharts.com for further analysis and tracking or copy and paste the ticker list into your chart provider.
