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: 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 meeting to address your specific requirements and provide you with the guidance you need.
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
CJT.TO – Cargojet Inc.
Cargojet demonstrated relative strength today as the broader market sold off. Keep an eye on its resilience amid market volatility.
LINK TO CHART – https://schrts.co/CkeytTWj
CPH.TO – Cipher Pharmaceuticals Inc.
Cipher Pharmaceuticals is consolidating below its 52-week high leading up to its earnings report on May 9th. Monitor closely for any potential price action developments as the earnings date approaches.
LINK TO CHART – https://schrts.co/TqmpwZug
HMMJ.TO – Horizons Medical Marijuana Life Sciences ETF
The Canadian scanner results are full of cannabis names, following the rescheduling news that caused the Horizons Medical Marijuana Life Sciences ETF to attempt a bottoming base breakout. Keep a close watch on these names for the potential continuation of upward momentum in the cannabis sector.
LINK TO CHART – https://schrts.co/MdSbGxna
QSR.TO – Restaurant Brands International Inc.
Restaurant Brands is attempting to break out above a horizontal resistance area following a positive earnings report. Keep a close watch for confirmation of this breakout.
LINK TO CHART – https://schrts.co/sGJbcbxZ
TD.TO – Toronto-Dominion Bank
Toronto-Dominion Bank has been showing up on momentum scans recently as price action sets up near the apex of a significant multi-year consolidation/continuation pattern. Keep a keen eye on any potential breakout signals as the pattern reaches its apex.
LINK TO CHART – https://schrts.co/QMFkmiZN
WTE.TO – Westshore Terminals Investment Corp.
Westshore Terminals is showing up on momentum scans as price action appears to be consolidating towards the apex of a significant multi-consolidation pattern. They report earnings on May 2nd. Keep a close watch on potential price action developments as the earnings date approaches.
LINK TO CHART – https://schrts.co/UtbyPtCu
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
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 – 2024-04-30
AAWH/U.CA, AC.TO, ACB.TO, AFM.V, AIDX.TO, ATZ.TO, AYR/A.CA, BFM.V, CJT.TO, CL.CA, CMG.TO, CPH.TO, CPLF.TO, CPX.TO, CRDL.TO, CRON.TO, CSW/A.TO, CURA.TO, DR.TO, DRDR.TO, ETG.TO, EU.V, FIH/U.TO, FN.TO, GRIN.CA, GTII.CA, GURU.TO, GWO.TO, H.TO, HITI.V, IMCC.CA, JUSH.CA, KSI.TO, LABZ.NE, LLY.NE, MAU.V, MDNA.TO, MKO.V, NGEN.V, NOVC.TO, NWH/UN.TO, OGI.TO, PLTH.CA, PRMW.TO, PRQ.TO, QSR.TO, SWP.TO, T.TO, TD.TO, TER.CA, TIXT.TO, TLRY.TO, TRP.TO, TRUL.CA, TSND.TO, VRNO.NE, WEED.TO, WTE.TO
