NOTE: ALL STOCKS IN THIS WATCHLIST ARE EITHER TRENDING TOWARDS A BULLISH TECHNICAL CHART OR CURRENTLY IN ONE. ANY TECHNICAL ANALYSIS IS PROVIDED IN THE CHART. PLEASE DO YOUR OWN DUE DILIGENCE BEFORE CONSIDERING INVESTING IN THESE STOCKS. (The Shares Float is based on figures from FinViz.Com).
Stocks highlighted in this watchlist include: $CAE, $BITCF, $VALE, $POT
CAE: The float on this stock is 260 million shares. So expect it to be a slow steady mover as indicated by the Weekly Chart. Great longer-term hold if you don't want to watch the markets every day. The technical indicators are very bullish all around.
BITCF: With Bitcoin surging past $5,000 last week, BITCF on the OTC market may also run for a few days.
VALE: Although VALE has a float of 3.1 billion shares, it's proven to be a volatile stock over the past few months. Vale is one of the world's largest producers and exporters of iron ore and pellets. News coming out of China indicates that they continue to have a robust economy that has a solid demand for iron. China has been posting strong economic numbers this year ahead of a leadership meeting in the capital city of Beijing later in the week.
POT: Potash fertilizer prices have seen an improvement this year as a result of stronger global demand. The demand was driven by customers who pushed back their purchases in 2016. As customers’ inventory ran dry, the market demand for potash gained momentum this year. According to PotashCorp, the demand for potash and the strength in global demand will continue this year.