Year: 2014

FNV, Franco Nevada update

Hamilton

Then – Feb. 15 2014 – and now charts;

fnv feb 15 2014 sFNV may 28 2014 s

Of all the gold stocks FN is signalling the loudest that a potential disaster  lies ahead. So far this stock is down about $11 in the past three months but more alarmingly there is now overlap which negates possible bullish alternatives. Given the very clear and distinct B wave structure into the double top a new low should be in the cards, as per chart below.

FNV may 28 2014

Our best guess is that we probable started a wave 3 down recently. By the way, this stock’s pattern looks a lot like that of SNC Lavalin.

SNC Lavalin Group revisited

Hamilton

snc may 27 2014 bsnc may 27 2014

The big picture, the one on the left, allows for at least two different interpretations depending where you put the top. Also , if you are in the DOW 40000 camp, it is not that difficult to “see” a triangle forming that requires just a little e down before we get the thrust up to $85 or higher. We are NOT in that camp, partly because the short –term chart, the one on  the right is decidedly unequivocally bearish. It is a near perfect a-b-c counter-trend rebound that is done. A break of $48 should confirm this but we would not wait for that. A sell now.

ABT, Absolute Software Corp.

Hamilton

ABT may 27 2014

Not to be confused with Abbott Laboratories that uses the same ticker in NY!  This stock simple does not look very bullish to us. Best guess here is that it has done, or is doing,  an a-b-c X a-b-c. It has a nice yield but is trading at a p/e of 77X, a bit rich even for a software company if that is indeed the business they are in.