Notice: The Daily Setups report is provided for informational and educational purposes only and is not intended to be used as a stock-picking service or as financial advice. The charts and accompanying research are designed to support your analysis, serving as indicators rather than direct recommendations to buy or sell any security. The creator assumes no responsibility for actions taken by readers and strongly encourages individuals to fully understand the associated risks and potential outcomes before making investment decisions. Please note that any charts and/or information are intended to aid in research and should not be considered a definitive part of your personal trading strategy. Not all charts will lead to actionable buy or sell signals at any given time. Individuals should consider consulting a qualified financial advisor before making any investment decisions.
Just a friendly reminder: Please pay close attention to the Daily Setups and Workspace scan results for potential future additions to stay ahead of the game.
Sample Trading System
The following trading system is presented as an educational example and should not be interpreted as financial advice. Past performance does not guarantee future results, and trading involves inherent risks. Please consult with a qualified financial advisor before implementing any trading strategies.
Canadian Daily Setups
DIV.TO – Diversified Royalty Corp.
Diversified Royalty is exploding higher today into the underside of horizontal resistance. Monitor for a potential resumption of the uptrend above its upward-sloping moving averages.
DOL.TO – Dollarama Inc.
Dollarama continues to set up for a potential breakout.
EXE.TO – Extendicare Inc.
Extendicare is an example of when the system rules outlined at the top of every report work. This was a setup we flagged as price action moved above each line of horizontal resistance, first identifying it near $13.38. Since then, price action has walked above its upward-sloping moving averages and has accelerated higher over the last two days.
H.TO – Hydro One Limited
Hydro One continues to set up for a potential breakout.
LNR.TO – Linamar Corp.
Linamar is breaking out to a 52-week high. Monitor for a resumption of the uptrend above its upward-sloping moving average.
QSR.TO – Restaurant Brands International Inc.
Restaurant Brands International appears to be set up at the apex of a significant multi-year consolidation/continuation pattern. Monitor for a continuation of upside momentum that may lead to a breakout as the weekly PPO momentum indicator begins to accelerate higher from the zero line.
To conclude our report, we thank you for your engagement and insights. Your feedback is valuable, and we encourage you to share your recommendations. Stay attentive to the Daily Setups, the Workspace, and the Watchlists for emerging opportunities. Additionally, be sure to explore the scanner result PDFs provided below. Until next time, happy trading!
Canadian Scanner Results
(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)
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.
EXPORT – Canadian Scanner Results
BRAG.TO, DII/B.TO, ECN.TO, CNC.V, DIV.TO, LNR.TO, CSCO.NE, CSCO.TO, KSM.V, TT.V, BOIL.TO, ALS.TO, RAY/A.TO, RBX.V, BTE.TO, CGG.TO, CPKR.TO, EDV.TO, OMG.V, LAR.TO, GTWO.TO, EXE.TO, XX.V, AIAI.CA, MEND.CA, BRK.NE, BRK.TO, FSZ.TO, VZ.NE, ONYX.V, L.TO, MRE.TO, DOL.TO, BIR.TO, PAAS.TO, PMAX.CA, QSR.TO, EMP/A.TO, WN.TO, EMA.TO, IAU.TO, XOM.NE, H.TO, CCL/B.TO, SJ.TO, AFM.V, POW.TO, PSIL.CA, MNO.TO, CHE/UN.TO, GMIN.TO, NVA.TO, TOY.TO, TCL/A.TO
