Hi everyone, 9:50 AM here and the markets have just opened. I am still Watching Bell (BCE) on the TSX as well as observing other movers such as the marijuana stocks and Manulife Financials (MFC)
Marijuana stocks are down on news that expansion of the legalization won't happen without major government intervention. I see this as something every investor already knew but won't cause much upset in the longer term. WEED is down 8% as of now which can be a buying opportunity but I will be staying away from this as I am not confident this will be the only down day. The fundamentals also don't paint a picture I like at the moment as can be seen in the few indicators I included on this graph. This stock is extremely sensitive to news which makes it a good play almost everyday for risk takers.
Bell (BCE) is at the support (59.50$ area) I am waiting to see tested. I predict it will break through the support which is what I am hoping for as it will create a nice entry point from my perspective.
Disclaimer: These are just thoughts and observations, NOT financial advice