Latest bullish ideas

• On June 30, 2023, a bullish "Head and Shoulders Bottom" chart pattern on Vermilion Energy Inc (VET:TSX). (14% upside)
• The pattern suggests that the stock price, currently at $16.52, may rise within the range of $18.60 to $19.10.
• This pattern developed over a period of 49 days, indicating that the target price range might be achieved in a similar timeframe.
• The price reaching the end of an accumulation phase at the bottom of a significant downtrend signals a potential reversal to a new uptrend.
• The "Head and Shoulders Bottom" pattern consists of three consecutive price declines following a notable downtrend. It features a low point (head) in the middle, flanked by two higher lows (shoulders) at approximately the same level.
• During the pattern formation, trading volume is highest during the first two declines and decreases during the right shoulder. A surge in volume occurs when the price surpasses the neckline, confirming the reversal.

• On June 30, 2023, a bullish "Upside Breakout" chart pattern on Finning International Inc (FTT:TSX). (4% upside)
• The pattern suggests that the stock price, currently at $40.75, may experience an increase within the range of $42.10 to $42.40.
• This pattern formed over a period of 17 days, indicating that the target price range might be achieved within a similar timeframe.
• The breakout from a trading range indicates the potential start of a new uptrend.
• The "Upside Breakout" pattern represents a period of sideways price movement between two parallel horizontal lines, often considered a consolidation or congestion area within an existing trend. In some cases, the breakout leads to a reversal to the prior trend. However, in this scenario, an upside breakout above the upper resistance line suggests the end of the consolidation phase and the beginning of an uptrend.

• On June 30, 2023, a bullish "Diamond Bottom" chart pattern on Under Armour Inc (UAA:NYSE). (14% upside)
• The pattern suggests that the stock price, currently at $7.22, may experience an increase within the range of $8.10 to $8.30.
• This pattern formed over a period of 32 days, indicating that the target price range might be achieved within a similar timeframe.
• The price movement indicates a potential reversal, as it has broken upward after a period of uncertainty or consolidation.
• The Diamond Bottom pattern starts during a downtrend, with prices forming higher highs and lower lows in a broadening pattern. Eventually, the trading range narrows as the highs peak and the lows begin trending upward. When the price breaks out of the diamond's boundary lines in an upward direction, it signifies a significant reversal and the start of a new uptrend.

• On June 30, 2023, a bullish "Upside Breakout" chart pattern on New York Community Bancorp Inc (NYCB:NYSE). (9% upside)
• The pattern suggests that the stock price, currently at $11.24, may experience an increase within the range of $12.05 to $12.25.
• This pattern formed over a period of 32 days, indicating that the target price range might be achieved within a similar timeframe.
• The price movement indicates a break upward from a trading range, indicating the potential start of a new uptrend.
• The Upside Breakout pattern represents a sideways movement of prices between two parallel horizontal lines. It often serves as a pause or congestion area within an existing trend, although sometimes the breakout leads to a reversal of the prior trend. Regardless, an upward breakout beyond the upper resistance line signifies the end of the consolidation period and the beginning of an uptrend.

• On June 29, 2023, a bullish "Continuation Wedge (Bullish)" chart pattern on Eldorado Gold Corp (ELD:TSX). (13% upside)
• This pattern suggests that the stock price, currently at $13.17, may experience an increase within the range of $14.50 to $14.80.
• The Continuation Wedge pattern formed over a period of 22 days, indicating that the target price range might be achieved within a similar timeframe.
• The pattern represents a temporary interruption in an ongoing uptrend, characterized by two converging trendlines slanted downward against the trend.
• Despite the bears' attempts to gain control during this time, the bulls ultimately triumph as the price breaks above the upper trendline, signaling the continuation of the prior uptrend.

• On June 29, 2023, a bullish "Double Bottom" chart pattern on STEP Energy Services Ltd (STEP:TSX). (12% upside)
• This pattern suggests that the stock price, currently at $3.18, may experience an increase within the range of $3.48 to $3.56.
• The Double Bottom pattern formed over a period of 16 days, indicating that the target price range might be achieved within a similar timeframe.
• The pattern indicates that the price has reached a bottom after failing to break through a support level and subsequently rising higher, signaling a reversal to a new uptrend.
• During a downtrend, the Double Bottom pattern is characterized by two distinct lows at approximately the same price level.
• Volume tends to diminish as the pattern forms, indicating a weakening of downward pressure, with some increase in volume at each low, but less on the second low.
• The bullish signal is confirmed when the price breaks upward above the highest high of the pattern.

• On June 29, 2023, a bullish "Head and Shoulders Bottom" chart pattern on Charles Schwab Corp (SCHW:NYSE). (19% upside)
• This pattern suggests that the stock price, currently at $57.14, may experience an increase within the range of $66.00 to $68.00.
• The Head and Shoulders Bottom pattern formed over a period of 72 days, indicating that the target price range might be achieved within a similar timeframe.
• The pattern indicates that the price has reached the end of a phase of "accumulation" at the bottom of a major downtrend.
• The breakout above the resistance level signals a reversal to a new uptrend.
• The Head and Shoulders Bottom pattern consists of three successive declines in price following a significant downtrend.
• The lowest low (the head) is located in the middle, surrounded by two higher lows (the shoulders) at approximately the same level.
• The highest volume occurs during the first two declines in price, then decreases during the formation of the right shoulder.
• Finally, volume surges as the price closes above the neckline (drawn between the two highs), confirming the bullish reversal.

• On June 29, 2023, a bullish "Diamond Bottom" chart pattern on VICI Properties Inc (VICI:NYSE). (9% upside)
• This pattern suggests that the stock price, currently at $31.38, may experience an increase within the range of $33.20 to $33.80.
• The Diamond Bottom pattern formed over a period of 31 days, indicating that the target price range might be achieved within a similar timeframe.
• The pattern indicates that the price has reached a bottom after a period of uncertainty or consolidation.
• The Diamond Bottom pattern initially occurs during a downtrend, characterized by higher highs and lower lows in a broadening pattern.
• As the pattern progresses, the trading range gradually narrows, with the highs peaking and the lows trending upward.
• A significant reversal to a new uptrend is signaled when the price breaks upward out of the boundaries of the diamond pattern.

Past update:

• "Hammer" chart pattern on Celestica Inc (CLS:TSX) on June 27, 2023.
• The "Hammer" pattern suggests a bullish signal, indicating a potential rise in the stock price from its closing value of $18.78.
• The pattern's presence implies that the stock may have reached the bottom of a recent downtrend and recovered significantly from a sharp decline during the session.
• The "Hammer" pattern is characterized by a long lower shadow and a small real body at the top of the range, typically appearing during a downtrend.
• This formation indicates the potential development of a bottom and signals a likely reversal to the upside.

• "Inside Bar (Bullish)" chart pattern on Atco Ltd (ACO.X:TSX) on June 27, 2023.
• This pattern suggests a bullish signal, indicating the potential for the stock price to rise from its closing value of $39.31.
• The presence of the pattern indicates a shift in the balance between buyers and sellers, which had been dominated by the bears. This balance is now evening out, suggesting the possibility of higher prices in the future.
• The Inside Bar pattern typically forms during a strong downtrend, with the trading range completely contained within the boundaries of the prior bar.
• This development signifies a more balanced relationship between buyers and sellers, indicating a weakening of power for the bears and a strengthening of power for the bulls.

• "Continuation Wedge (Bullish)" chart pattern on Exxon Mobil Corp (XOM:NYSE) on June 27, 2023. (18% upside)
• This pattern suggests a bullish signal, indicating the potential for the stock price to rise from its closing value of $104.55 to a range of $121.00 - $124.00.
• The pattern formed over a period of 42 days, which aligns with the standard principles of technical analysis and indicates the timeframe within which the target price range may be achieved.
• The presence of the Continuation Wedge suggests a temporary interruption to an existing uptrend in the stock's price.
• The pattern is characterized by two converging trendlines that slope downward against the overall trend.
• During this period, the bears attempt to gain control over the market from the bulls, but ultimately the bulls emerge victorious.
• A break above the upper trendline signals a continuation of the prior uptrend, indicating that the temporary interruption has ended.

• "Head and Shoulders Bottom" chart pattern on Brandywine Realty Trust (BDN:NYSE). (29% upside)
• This pattern suggests a bullish signal, indicating the potential for the stock price to rise from its closing value of $4.64 to a range of $5.80 - $6.10.
• The pattern formed over a period of 74 days, aligning with standard principles of technical analysis and indicating the timeframe within which the target price range may be achieved.
• The presence of the Head and Shoulders Bottom pattern suggests that the stock price has reached the end of a period of "accumulation" at the bottom of a significant downtrend.
• The pattern consists of three successive declines in the price following the downtrend. The lowest low (head) is positioned in the middle, flanked by two higher lows (shoulders) at approximately the same level.
• The volume is highest during the first two declines, then decreases during the right shoulder phase.
• Finally, the volume surges as the price breaks above the neckline (drawn between the two highs), confirming the reversal and signaling the start of a new uptrend.

• "Continuation Wedge (Bullish)" chart pattern on Equinox Gold Corp (EQX:TSX) on June 26, 2023. (35% upside)
• This pattern suggests a bullish signal, indicating the potential for the stock price to rise from its closing value of $6.14 to a range of $8.00 - $8.40.
• The pattern formed over a period of 34 days, which aligns with the standard principles of technical analysis and indicates the timeframe within which the target price range may be achieved.
• The presence of the Continuation Wedge indicates a temporary interruption in an existing uptrend in the stock's price.
• The pattern is characterized by two converging trendlines that slope downward against the overall trend.
• During this period, the bears attempt to take control from the bulls, but ultimately the bulls emerge victorious.
• A break above the upper trendline signals a continuation of the prior uptrend, indicating that the temporary interruption has ended and the upward momentum is expected to resume.

• "Bottom Triangle" chart pattern on Crew Energy Inc (CR:TSX) on June 26, 2023. (24% move)
• This pattern suggests a bullish signal, indicating the potential for the stock price to rise from its closing value of $5.23 to a range of $6.40 - $6.60.
• The pattern formed over a period of 37 days, aligning with standard principles of technical analysis and indicating the timeframe within which the target price range may be achieved.
• The presence of the Bottom Triangle pattern suggests that the stock price has reached a bottom and is showing signs of reversal after a period of uncertainty or consolidation.
• The pattern is characterized by two converging trendlines, with prices forming lower highs and higher lows.
• The volume diminishes as the price swings within an increasingly narrow range, reflecting market uncertainty about the direction.
• Prior to the triangle reaching its apex, the price breaks above the upper trendline with a noticeable increase in volume.
• This breakout confirms the bullish pattern as a reversal of the prior downtrend, indicating a potential upward trend in the stock price.

• "Diamond Bottom" chart pattern on AN2 Therapeutics Inc (ANTX:NASDAQ) on June 26, 2023. (48% move)
• This pattern suggests a bullish signal, indicating the potential for the stock price to rise from its closing value of $7.77 to a range of $11.00 - $11.70.
• The pattern formed over a period of 36 days, aligning with standard principles of technical analysis and indicating the timeframe within which the target price range may be achieved.
• The presence of the Diamond Bottom pattern suggests that the stock price has reached a bottom and is showing signs of reversal after a period of uncertainty or consolidation.
• The pattern begins during a downtrend, with prices forming higher highs and lower lows in a broadening pattern.
• Over time, the trading range gradually narrows as the highs peak and the lows start trending upward.
• The significant indication of a reversal occurs when the price breaks upward out of the boundary lines of the diamond pattern.
• This breakout marks the start of a new uptrend, suggesting a potential upward trend in the stock price.

• "Flag (Bullish)" chart pattern on Marathon Petroleum Corp (MPC:NYSE). (10% upside)
• This pattern suggests a bullish signal, indicating the potential for the stock price to rise from its closing value of $113.04 to a range of $122.00 - $125.00.
• The pattern formed over a period of 9 days, aligning with standard principles of technical analysis and indicating the timeframe within which the target price range may be achieved.
• The presence of the Flag pattern suggests that the stock price is resuming a sharp rally after a brief pause.
• The Flag pattern typically occurs during a dynamic market rally, representing a temporary pause or consolidation before the market continues in the same direction.
• The pattern is characterized by two parallel trend lines, often sloping downward against the prevailing uptrend.
• Confirmation of the pattern occurs when the price breaks through the upper boundary of the flag, signaling the resumption of the upward movement.
• This breakout indicates a potential continuation of the rally in the stock price.