SYS Research – Canadian Daily Setups – Wednesday, January 31, 2024

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

CLS.TO – Celestica, Inc.

Celestica is exhibiting relative strength in a weak market tape, supported by robust volume. Keep a close watch for potential resilience and continued momentum.

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

 

CP.TO – Canadian Pacific Railway

Canadian Pacific Railway appears to be setting up below its all-time high, following a multi-year consolidation period. Monitor closely for signs of potential upside momentum.

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

 

CSH/UN.TO – Chartwell Retirement Residences

Chartwell Retirement Residences is set up for a potential 52-week high breakout, backed by bullish volume. Keep a close eye for confirmation and potential continuation of the uptrend.

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

 

CXB.TO – Calibre Mining Corp.

Calibre Mining appears to be set up below the upper trendline and horizontal resistance of a giant wedge or falling channel. Take note of the robust volume profile. Monitor closely for any signs of potential upside momentum.

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

 

LNF.TO – Leons Furniture Ltd.

Leons Furniture appears to be setting up below a trigger line of a multi-year consolidation pattern. Monitor closely for signs of continued upside strength.

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

 

SGD.V – Snowline Gold Corp.

Snowline Gold appears to be set up on the right side of a significant multi-month consolidation/continuation pattern. Keep a close watch for potential developments in the trend.

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

To bring our report to a close, we thank you for your engagement and insights. Your feedback is of great value, 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 – 2024-01-31

ABXX.NE, ACT.CA, AIF.TO, ALC.TO, ARIS.TO, ARR.TO, ARTG.V, ASE.CA, AYR/A.CA, BA.NE, BITF.TO, BNS.TO, CAS.TO, CCA.TO, CIX.TO, CLS.TO, CMG.TO, CP.TO, CPH.TO, CRON.TO, CSH/UN.TO, CURA.TO, CVS.NE, DHT/UN.TO, DIV.TO, DNG.TO, DR.TO, ECO.TO, EIF.TO, ELD.TO, EPRX.TO, ERO.TO, FSZ.TO, GFL.TO, GIB/A.TO, GMIN.TO, GTII.CA, HITI.V, IGM.TO, INO/UN.TO, JWEL.TO, LGC.V, MA.NE, MCB.TO, MG.TO, MRE.TO, MRU.TO, NOVC.TO, NPR.V, OGI.TO, OR.TO, PMZ/UN.TO, PNRL.V, PRV/UN.TO, RBA.TO, RCH.TO, REAL.TO, RUS.TO, SECU.V, SGD.V, SIS.TO, SJ.TO, SLF.TO, SVI.TO, TIH.TO, UNH.NE, VRNO.NE, WILD.TO, XTC.TO

 

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