Quarterhill Inc T.QTRH

Red Candlesticks

[v_guerriero]

Pull up Socrates favourite chart view: the beloved weekly candlestick chart.  

Plot the 10,50,100 Weekly Moving Averages (WMA).  Make the timeframe back to 2015.

6 red weekly candlesticks in a row.  Closed below the 100WMA for the first time since March 2020.  

We haven't seen such sustained dogsh!t performance since the collapses in 2016, 2017 and 2018.

Those collapses had (1) 17 out of 18 down weeks.  (2) 18 out of 20 down weeks and (3) 23 out of 28 down weeks.

The total negative return for each was (1) -51% (2) -47% (3) -44%

See the common pattern.  They all closed through the 100WMA.  Happened this week again.

Hmmm... I wonder what Trading View thinks....

https://www.tradingview.com/symbols/TSX-QTRH/technicals/

[Homework]

VG.............. when it's officially declared that all COVID-19 restrictions come off you are going to get a face ripping rally like you never seen. Of the deep state is trying to provoke a false flag event like phony Russia/ Ukraine and cyber attack on the financial system. .......So your candlestick is mute. Good luck

[Socrates1]

This is the monthly .......The selling started right out of the gate in January after the 2.84 Dec. high.. This is the fifth time testing this area and untill we CLOSE BELOW 2.17 remains just that...  You were pumping like crazy and never had any concerns till you sold........... Next week we'll know for sure............

[Socrates1]

You be the judge

[Socrates1]

charts wont show........sorry

[v_guerriero]

I agree that once all these restrictions lift, it will continue the rip your face off rally on cyclicals, including oil and interest rate sensitive companies (banks and insurers). The bond market will continue to sell off and interest rates will continue to rise.   This is a big negative for growth companies and especially for small companies that have limited ability to increase price,

[Homework]

Market is forward looking ....... cyclical run and banks is almost over .As soon as the fed raises the rates and sees the data like oil prices start to go back down to40-50$ a barrel and inflation start to decelerate the market and small caps will outperform.      This should occur over the next 3-6 months. Don't forget any geo political event can postpone this scenario. Good

[v_guerriero]

Plot the s&p500 energy index and the FI index vs. The Nasdaq Go back to the dotcom blow up days.  The value trade has a looooooong way to run.   Short Naz here and Long energy is a great mid-term play.     Take a look at long term charts of Canadian energy stocks - they can triple from here.  Market is still discounting $55/oil.  Canadian oil producers pay

[Homework]

Not interested in the index........only individual names like Tesla. Potential 10x and more!