Weekly Watchlist - Sep.08, 2023
As the overall market breadth continues to weaken, we are still seeing pockets of strength in the right stocks.
Volt Lithium - Market Cap $37 million Canadian
The stock is already up over 200% this year, we are seeing some extremely strong moves in some of these smaller lithium stocks. $Nili is a recent example of this and was featured on this list a couple weeks ago. Big volume has been coming into this stock the last 3 weeks as we clear important resistance levels.
Canopy Growth Corporation - Market Cap $900 Million Canadian
This stock was over $70 in 2021, what a fall it has had. Cannabis stocks have been terrible for a long time now. But as of couple weeks ago huge volume has started to pour into some of these names. Canopy was up over 23% on Friday, let’s see watch to see if this continues next week, maybe it can even re-take the longer term moving average.
Prospera Energy - Market Cap $50 Million Canadian
A small Canadian oil stock that has the chance to re-rate much higher over the short term. The fundamentals of the company are looking very bright and this stock is worth a deep dive. I am watching closely for this to break out on volume, energy stocks have been working out very good for me this year so far.
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