SYS Research – Canadian Daily Setups – Tuesday, October 17, 2023

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 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

AGI.TO – Alamos Gold Inc.

Alamos Gold is currently making an attempt to break out from a continuation pattern.

LINK TO CHART – https://schrts.co/adprFiDn

 

ELD.TO – Eldorado Gold Corp.

Eldorado Gold is positioned at the upper trendline and horizontal resistance of a falling channel continuation pattern. Keep a close watch for a potential breakout.

LINK TO CHART – https://schrts.co/adprFiDn

 

K.TO – Kinross Gold Corp.

Kinross Gold is in the process of building a base just below its 52-week high. Keep a vigilant eye on it for a potential breakout as price action pushes higher with increased volume.

LINK TO CHART – https://schrts.co/rfrfiPsG

 

MEG.TO – MEG Energy Corp.

MEG Energy continues to experience robust trading volume as price action reaches yet another new high.

LINK TO CHART – https://schrts.co/sRAaNrmM

 

OVV.TO – Ovintiv Inc

Ovintiv seems to be breaking out from a continuation pattern. Monitor for a continuation of the uptrend.

LINK TO CHART – https://schrts.co/BbJiWuQM

 

WDO.TO – Wesdome Gold Mines Ltd.

Wesdome Gold Mines is currently setting up near the apex of a significant bottom base. Keep a close watch for potential upside momentum that could lead to a breakout.

LINK TO CHART – https://schrts.co/wthgfRfj

 

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.

 

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