Archived articleThis is an archived article from 2019 - please note that any content within the article may be out of date.
.
.
Disclaimer
This is not financial advice. Our content is intended to be used and must be used for information and education purposes only. Please read our disclaimer and terms and conditions to understand our obligations.
6 comments
TCP (TC Pipelines NYQ).
This one is motoring and it may be too late for the move. Ex-divi 2 May. Brokers think it is overvalued. Stocko sees value. Gearing high.
Support at 35.75$
One to buy on the retracement.
Good price to cashflow.
ENB (Enbridge NYQ & TSE same symbol) short term resistance at 37.50ish went ex-divi 15 May both of which reduce my interest risk/reward. However in 2016 I bought USD 40$ and sold 45$ so there's room up there. Strong support at 30$ and that would be my preferred entry point or close to it. Last year bought 32$ sold 35$.
No other short term technical indicators.
Stocko likes it except for price to cashflow. Good gearing.
Brokers think it is undervalued with 11 to 15% upside.
There's still significant supply coming to the market with ENB, so I wouldn't be looking to open a position here. TCP showing strength, although I'd expect short-term testing action. JC
Thanks for your comment, look forward to seeing the stocks you post. JC
Thank-you for this.
It will take some time to go through all the stocks but I shall update from time to time. Your method is different and the software not interactive so no comment on technique.
For the time being I shall just mention some that I follow:
TAC Transalta. Sold 2 April which was the High and 19 March after the spike up. Considering re-entry as per your recommendation. This stock was Much higher a few years ago.
MSEX Middlesex Water. Looked at this a few months ago but cannot find date for moment.
Mid April was time to buy. No position.
A lot of those on your list have been eliminated for fundamental reasons. Relative value can be found elswhere in stocks I shall post later.
To add to the growth slowing point for Q2 '19 as of yesterday, 9 of the S&P 500 companies have reported and aggregate EPS YoY growth is -25%... that's negative 25%! Fair few companies to go, but something to pay close attention too. JC