Patrick Brik, BAS

Patrick Brik is a research analyst and editor at Lombardi Financial. His investment philosophy is based on merging fundamental and technical analysis in an effort to produce timely and actionable investment ideas.

Patrick has accumulated 18 years of trading experience, which include 13 years of private wealth management at Nesbitt Burns. Patrick is a graduate of York University’s business program and is currently pursuing his CFA and CMT designations.

Get to Know Patrick…

What was your first investment?

My first investment was Loewen Group in 1998. I can’t recall exactly what drew me to buy that position other than it sitting at its 52-week low. After weeks of news circulating regarding a pending bankruptcy, I finally got out at a small loss. I decided I should pursue a more diligent route in my investing. It was at that point that I came across an article on the art of technical analysis and I was hooked.

What is it about technical analysis that is so intriguing to you?

I always wanted to know why certain stocks and sectors moved up or down in any given timeframe. Technical analysis explained the concepts of trends and how a price chart can give insight to ebbs and flows. Technical analysis simplifies investments into an orderly system that allows the framework to produce a profitable trading strategy.

What’s the most important advice you would offer to investors?

Always define your risk-and-return objectives prior to making an investment. A defined exit strategy is the cornerstone of a profitable investing strategy. Set your risk as a stop, thus eliminating any emotional biases that may present themselves if the position moves against you.

Patrick Brik's Articles

ENS Stock: Higher Prices Are Expected I have excellent news to share regarding EnerSys (NYSE:ENS) stock. The beautiful bullish pattern that was the subject of my previous publication on this company, "The EnerSys Stock Chart Is a Bullish Masterpiece," has resolved itself in a bullish manner that serves to…

CELG Stock: Favorite Biotech The biotech sector has been lagging behind the major market indices, and I am finding it difficult to remember a major market advance in the NASDAQ when this sector did not lag. I have been watching this sector with a keen eye for some time,…

HPE Stock: In Perfect Alignment There is definitely some nostalgia in a name like Hewlett Packard Enterprise Co (NYSE:HPE) stock. HPE stock brings back memories of the dotcom bubble, and how I was led into a stock market mania that was simply an awe-inspiring experience. Overnight millionaires were…

STX Stock: Bullish Indications Seagate Technology PLC (NASDAQ:STX) stock has been a great-performing asset ever since I first crossed paths with it in the fall of last year. I knew right away that this investment was a winner, and it was the subject of my publication "Seagate Technology PLC:…

ZBRA Stock Is Technically Sound I first stumbled upon Zebra Technologies Corp. (NASDAQ:ZBRA) stock in November 2016 after it reported a better-than-expected earnings quarter. That news sent the stock surging by 14.61%, and I quickly realized that this surge in price was in the context of bullish price…

SYMC Stock: More Upside Suggested I am following up on my previous publication about Symantec Corporation (NASDAQ:SYMC) stock in which I dubbed this investment a "rocket ship." In that publication, I outlined that there were key developments on the company's price chart that suggested that much higher prices were likely.…

SPLK Stock: Aligned and Ready I first stumbled upon Splunk Inc (NASDAQ:SPLK) stock after the company announced its third-quarter earnings report on November 29, 2016. At the time of that report, there were indications that a possible breakout was occurring, because certain indicators were on the verge of generating…

EXAS Stock: Path of Least Resistance The biotech stocks have failed to follow suit with the major market indices, and are underperforming, to say the least. I am finding it difficult to remember a time when the NASDAQ index was making new all-time highs and the biotech stocks were…

NVDA Stock: Constructive Developments NVIDIA Corporation (NASDAQ:NVDA) stock went on an epic run last year, where the share price appreciated by 226.92%. This epic run was supported by a number of technical indicators. However, these indicators are now suggesting that the path of least resistance is geared towards…

BABA Stock Price Is Near Its Last Level of Resistance I have been reporting my investment views on Alibaba Group Holding Ltd (NYSE:BABA) stock since last summer, and I am fortunate enough to say that my views on this investment have been spot on. I can't say I am…

IBM Stock: Anticipated Weakness International Business Machines Corp. (NYSE:IBM) stock is trading lower by 4.44% after reporting earnings that failed to enthuse investors. It reported lower-than-expected margins and, given this was its 20th consecutive quarter of negative revenue growth, there was very little encouraging news that investors could play off…

LITE Stock: Exhibiting Bullish Tendencies I scan hundreds of charts in a given day, and I look for compelling characteristics. These characteristics are like a treasure map, and I use them to generate an investment view on a potential investment. When I stumbled upon Lumentum Holdings Inc (NASDAQ:LITE)…

SSYS Stock: Higher Prices Are Expected to Follow I have mentioned in my previous publications surrounding Stratasys, Ltd. (NASDAQ:SSYS) stock that I have been watching for the pieces to fall into place to finally suggest that a bottom has been formed in this 3D-printing stock. SSYS stock is…

APH Stock: The Line in the Sand It was a wild week for Aphria Inc (TSE:APH, CVE:APH) stock, and its marijuana stock counterparts, after news of marijuana legalization finally hit the wires. In a matter of 10 trading days, Aphria stock went from a low of $6.72 to a high…

TWLO Stock: Confluence of Indicators I have been intrigued by Twilio Inc (NYSE:TWLO) since it first went public in June of last year. This cloud-based communications company provides consumers pay-as-you-go applications. The combination of cloud computing and e-commerce should provide a powerful tailwind as both these sectors have been performing extremely…

SQ Stock and the Power of Four I have been following Square Inc (NYSE:SQ) stock since summer of last year, and I have been keeping on top of the bullish run that has developed since then. This bullish run has seen Square stock more than double, and has…

SRPT Stock: Awaiting a Resolution Sarepta Therapeutics Inc (NASDAQ:SRPT) stock isn't your average investment. This trading vehicle is known for its wild price swings. On September 19, 2016, Sarepta stock soared by 73.8% in a single day after it finally received Food and Drug Administration (FDA) approval for…

INTC Stock: Testing the Trend Intel Corporation (NASDAQ:INTC) stock is testing a very important level of price support. INTC stock's ability to hold above this key level of support will dictate whether Intel stock will continue its advance towards new 52-week highs, or whether a deeper correction is…

BOX Stock: Testing Support Cloud computing has revolutionized the way companies do business, and this industry has quickly become a game changer. Many companies are venturing into this space because it offers tremendous growth potential. Microsoft Corporation (NASDAQ:MSFT) is a great example of a company that diversified its revenue streams…

BBRY Stock Price News BlackBerry Ltd (NASDAQ:BBRY) stock is up over 16% on the news that the company won an arbitration settlement against QUALCOMM, Inc. (NASDAQ:QCOM) worth $819.7 million. This is a significant sum for BlackBerry; it represents more than half of the revenue that BlackBerry was able…