Charts to Watch Nov 11- 15th
Imax looks to be on the brink of an upside breakout of the downtrend in the triangle formation, a very bullish sign that has played out all over the market the last few weeks. buy on the break, stop on the breakdown, with some potential to run to the $24 area.
Brookfield infastructure(Bip, Bip.un)
Bip has just continued to be super strong and has broke out to yet another 52 week high, and so far has shown no signs of slowing down. this is a perfect momentum play that has continued to work through any volatility we have faced so far.
Enbridge has been very strong over the last 2 months, while keeping its trend intact showing lots of buyers along the way. Although the name is facing overhead resistance around $51, any break of that is very bullish after this long move than consolidation, and can be bought on the breakout.