The Canadian market broke its long term downward trend this week which means there are stocks starting to reverse the ugly cycle that they have been in for some time. This week, I ran the Stockscores Simple Canada market scan, seeking out charts that are turning around after a long period of weakness. Here are two worth considering:
1. T.LTS
T.LTS broke up from a rising bottom this week after breaking its downward trend, moving up through resistance with stronger than normal volume. Good potential as long as the commodity bounce continues. Support at $0.33.
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