DeFi
Top 5 winning and losing stocks: HEAT.CN, WIFI.CN, DEFI.NE
In this summary report, we’ll take a quick look at the top 5 winners and losers up or down double digits in the Canadian stock markets.
Here’s a summary of the assets’ intraday action:
Hillcrest Energy Technologies (HEAT.CN)
Market capitalization ~$25 million
Hillcrest Energy Technologies Ltd. engages in the development of energy conversion technologies and digital control systems for powertrains, as well as grid-connected renewable energy generation systems. It offers electric vehicle traction inverter, power module, grid inverter and powertrain solutions, and develops zero-voltage switching inverter technology platform.
The stock is up 29% without news. Yesterday the company announced the finalization of a joint development agreement with Ocean Batteries AS for the delivery of 300kVA | Hillcrest ZVS 800 V inverter prototypes.
In yesterday’s post I mentioned that a close above $0.275 would signal a break above resistance. This happened and the momentum from the breakout made the stock one of the best performers in the Canadian markets. The next resistance is around the $0.40 area.
American Aires (WIFI.CN)
Market capitalization ~$35 million
American Aires Inc., a nanotechnology company, is dedicated to the research, development and implementation of innovative technological solutions that restructure and transform electromagnetic field haze into a biologically compatible form in Canada and internationally . Its products include Lifetune One, a device-specific solution that sticks directly to electronic devices, providing immediate protection against harmful electromagnetic radiation, a solution for use with devices such as phones, tablets and laptops; and the Lifetune Flex, a versatile electromagnetic field (EMF) protection solution for consistent coverage against electromagnetic radiation.
The stock is up 31% following the announcement that Aires saw a 47% year-over-year increase in order volume in April, followed by an impressive 98% increase in May. This continues the strong growth trajectory seen in previous years, with annual growth of 128% from 2021 to 2022 and annual growth of 79% from 2022 to 2023.
A very nice installation here. Yes, the stock fell, but it reached a major support level at $0.25. We also printed a hammer candle two days ago. A daily candle closed above this hammer would result in a rise towards the $0.50 area.
Organic NurExone (NRX.V)
Market capitalization ~$57 million
NurExone Biologic Inc. operates as a pharmaceutical technology company. It is developing a novel, non-invasive, ready-to-use treatment for the reversal or reduction of paralysis following spinal cord injury using membrane-bound extracellular vesicle technology, as well as to treat trauma cranial and other cerebral and neurological trauma. indications.
The stock is up 38% without news.
Another great setup. A double bottom was confirmed with a break above $0.55. The stock continues to gain momentum and the downtrend line is most likely broken. Target? The $1.10 area.
TeraGo (TGO.TO)
Market capitalization ~$49 million
TeraGo Inc., together with its subsidiaries, provides business connectivity services primarily in Canada. It owns and operates a fixed wireline and wireless communications network and a carrier-grade Internet Protocol communications network that provide Internet access, private interconnection and data connectivity services.
The stock is up 25% with no news.
The stock is slowly continuing its uptrend and you can see the higher lows and higher highs. The stock has support at $2.00, and a close above $2.60 provides further momentum.
Xplore Resources (XPLR.V)
Market capitalization ~$3.2 million
Xplore Resources Corp. is a mineral exploration company engaged in the acquisition and development of copper and gold properties. Its projects include Valk, Pringle Lake, Upper Red Lake and Perrigo Lake.
The stock is up 22% without news.
Just a bounce to support. A close above $0.12 by the end of the day would be significant and allow the stock to test levels above $0.16.
DeFi Technologies (DEFI.CN)
Market capitalization ~$720 million
DeFi Technologies Inc., a technology company, develops and lists exchange-traded products in Canada, Bermuda and the Cayman Islands. The Company provides asset management services, such as investment vehicles, indirect exposure to underlying cryptocurrencies, digital asset indices and other decentralized financial instruments. It also participates in decentralized blockchain networks by processing data transactions that contribute to network security and stability, governance and validation of transactions.
The stock is down 20% following the announcement that its subsidiary Valor Inc. introduced the world’s first and only yielding Bitcoin ETP to German investors in collaboration with the Core Foundation, an organization dedicated to the development of the Core blockchain network.
The stock saw a significant rise and profits were taken. Additionally, the crypto market is currently taking a bit of a hit. The current low stands at $2.20. Monitor this area for assistance.
BTQ Technologies (BTQ.NE)
Market capitalization ~$62 million
BTQ Technologies Corp. is dedicated to the research and development of computing technologies related to post-quantum cryptography for applications of blockchain and related technologies. It offers a range of post-quantum products, including custom languages and compilers, cloud-accessible software solutions, and dedicated hardware.
The stock is down 21% with no news.
The stock is falling but is still in breakout mode. A retest will take place when the stock returns to the $0.45 to $0.50 area.
Vital Battery Metals (VBAM.CN)
Market capitalization ~$4.9 million
Vital Battery Metals Inc. is engaged in the acquisition and exploration of mineral assets. The company explores copper deposits. It has the option to acquire approximately 100% interest in the Vent property which consists of two contiguous claims totaling approximately 1,561.12 hectares of land in a claim block located on Vancouver Island, British Columbia, in Canada.
The stock is down 15% with no news.
The title is testing record levels. Will this zone become support with a double bottom setup? Watch for large wicks or large green-bodied candles. A close below sets the stage for new all-time record lows.
Lexston Mining (LEXT.CN)
Market capitalization ~$3 million
Lexston Mining Corporation operates as a mineral exploration company focused on the acquisition and development of mineral projects.
The stock is down 13% with no news.
The stock is testing a key resistance zone. This might be the third refusal here. Support stands at $0.08. Wait for a break in either direction.
Optimi Health (OPTI.CN)
Market capitalization ~$31 million
Optimi Health Corp. is engaged in the research, cultivation, processing, extraction and distribution of psilocybin, psilocin, other psychedelic substances and functional mushrooms for the health and wellness markets in Canada and abroad. The company offers raw mushroom biomass, mushroom extracts and mushroom supplements, as well as a range of mushroom varieties including Lion’s Mane, Chaga, Reishi, Turkey Tail and Cordyceps.
The stock is down 10% with no news.
It appears a trend change is occurring with the stock moving to higher highs and lower lows. Support comes at the $0.30 area.