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.
XBB – Bond Index Building Support
iShares Core Canadian Bond Universe Index
IBIO – Coronavirus Rumours Spread
Shares of iBioPharma Inc.
The breakout comes on the back of hopes for a China vaccine partnership amid coronavirus fears. With the market puking last week, they appear to be one of the few companies immune to the sell-off (for now).
TWTR – Meltdown Creates Opportunity?
After a strong start to 2020, Twitter
AC – Airline Woes Continue
After challenges from the Boeing MAX 8 fiasco, airlines like Air Canada
With that said, the chart is indicating shares may be oversold, providing an interesting opportunity for traders.
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.