Weekly Charts with Rhum (BEE, CCB, HS, EGLX, SMT)

Here’s another edition of our chart-based weekly with our FinTwit friend Rhum.

Every week he breaks down charts from some of the hottest tickers out there. These charts will show you some of the most hyped-up names of the week, and maybe even a few that might be good buying opportunities.

If you like the charts, don’t forget to support Rhum and his blog for his hard work and don’t hesitate to send in any chart requests either.

BEE – What’s All the Buzz?

After a series of positive announcements since the fall of 2019, Bee Vectoring Technologies [stock_market_widget type="inline" template="generic" color="default" assets="BEE.V" markup="(TSXV: {symbol} {currency_symbol}{price} ({change_pct}))" api="yf"] has nearly tripled in value. With more catalysts on the horizon in 2020, this global focused Ag-tech company could continue this trend.

CCB – Breaks Out After Settlement

Canada Carbon [stock_market_widget type="inline" template="generic" color="default" assets="CCB.V" markup="(TSXV: {symbol} {currency_symbol}{price} ({change_pct}))" api="yf"] is a Canadian mineral exploration company with a particular focus on graphite. Last week they announced an out-of-court settlement that will allow the company to move forward with its Miller project.

This has triggered bulls to rush into the stock. Watch for continued signs this week of a prolonged increase in support.

EGLX – Breaking Brighter

Enthusiast Gaming [stock_market_widget type="inline" template="generic" color="default" assets="EGLX.TO" markup="(TSX: {symbol} {currency_symbol}{price} ({change_pct}))" api="yf"] has shown some signs of life with a recent breaking of the downtrend. For those looking at entering the Esports and gaming space, EGLX represents a top name to watch.

HS – Healthier Days Ahead?

HealthSpace Data Systems [stock_market_widget type="inline" template="generic" color="default" assets="HS.CN" markup="(CSE: {symbol} {currency_symbol}{price} ({change_pct}))" api="yf"] is a developer and distributor of information and communication management systems for government health inspection departments. After a prolonged period of consolidation, support appears to be building for the stock.

SMT – 2020 Operations Producing Interest

Polymetallic miner Sierra Metals [stock_market_widget type="inline" template="generic" color="default" assets="SMT.TO" markup="(TSX: {symbol} {currency_symbol}{price} ({change_pct}))" api="yf"][stock_market_widget type="inline" template="generic" color="default" assets="SMTS" markup="(NYSE: {symbol} {currency_symbol}{price} ({change_pct}))" api="yf"] has started to rebound since the end of 2019. With impressive guidance provided by management, interest appears to be building as they enter a pivotal 2020.

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Sierra Metals is a market awareness client of Capital 10X.

The opinions provided in this article are those of the author and do not constitute investment advice. Readers should assume that the author and/or employees of Capital 10X hold positions in the company or companies mentioned in the article. For more information, please see our Content Disclaimer.

Evan Veryard has a Bachelor's of Chemical Engineering from McGill University and a MaSc. of Chemical Engineering from RMC. He has over 6 years of research experience focusing on industrial materials. Address: 682 Indian Road, Toronto, Ontario, M6P 2C9. Phone: 416-721-8257.
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