Patrick Brik, CFA, 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 has recently attained both the 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

INTC Stock: A Retest of the Previous All-Time High Is in Order I have great news to share regarding Intel Corporation (NASDAQ:INTC) stock. The news is perhaps a tiny bit dated, but the implications are still current. I have been watching the Intel stock chart for many months, waiting for…

IBM Stock: A Stealth Bull Market in the Making International Business Machines Corp. (NYSE:IBM) reported earnings on October 17, and although it managed to beat analysts estimates on the bottom line, this was still its 22nd consecutive quarter of negative revenue growth. One would think that such a headline…

SHOP Stock: Coinciding Levels of Price Support Will Determine the Merits of This Investment Shopify Inc (US) (NYSE: SHOP) stock has been under a tremendous amount of pressure following a report from a short seller that contained allegations that the company's business model is a "get rich quick"…

Western Digital Stock: These Diamonds Are Not Forever I am focusing on Western Digital Corp (NASDAQ: WDC) stock because there is a technical price pattern currently in development on the stock chart, and the next move is predicated on the resolution of this pattern. Before I delve into…

MEDFF Stock: This Investment's Character Continues to Support Higher Stock Prices Marijuana stocks have once again caught a bid, and the repercussions are widespread for this sector. I am focusing on one of the largest cannabis producers in Canada, MedReleaf Corp (OTCMKTS: MEDFF) (TSE: LEAF) stock because I find…

NTNX Stock: Explosive Upside Potential I am focusing on Nutanix Inc (NASDAQ: NTNX) stock because I have a compelling reason to believe that higher NTNX stock prices are on the horizon. This belief is centered around two factors. The first factor is based on the Nutanix stock chart, where…

What Is Monero? Monero is an open-source cryptocurrency much like Bitcoin. Its standout features are that it is secure, fungible, and private. Perhaps its most important characteristic is that it is completely untraceable. The Monero price can be calculated in a number of ways but Monero to USD…

PANW Stock: A Substantial Move Towards Higher Prices Is Now in Development From a technical standpoint, Palo Alto Networks Inc (NYSE:PANW) stock looks incredible. Since I am a technical analyst, this is really the only standpoint I need in order to decide whether PANW stock is compelling or…

GOOGL Stock: This Heavyweight Is a Proxy for the Entire Equity Bull Market This publication is focusing on Alphabet Inc (NASDAQ: GOOGL) stock because there are a number of indications on the Google stock chart suggesting that the next directional move in GOOGL stock is now in development. If you…

NFLX Stock: Path of Least Resistance Is Towards Higher Stock Prices The stock market continues to churn higher, and new all-time highs are the order of the day. Fighting this bullish trend toward higher prices has been a mug’s game. I am returning to focus on Netflix, Inc.…

EMMBF Stock: Marijuana Stocks Hit Center Stage, Once Again I am focusing on Emblem Corp (OTCMKTS:EMMBF, CVE:EMC), a Canadian licensed producer of medical cannabis, because there are new developments on the Emblem stock chart. These developments suggest that the bearish trend that began late last year has finally…

AMD Stock: Continues to Exhibit Bullish Tendencies I do not think I have ever experienced a stock market rally like the one currently in development. This market is clearly geared towards higher stock prices, and the order of the day continues to be new all-time highs. With this…

ACBFF Stock: The Completion of This Technical Price Pattern Will Determine What Follows Writing about investments in this market environment has been a fruitful endeavor. The market seems to only venture in one direction, the indices continue to forge new highs, and daily advances are becoming the norm.…

BIIB Stock Exhibiting Bullish Tendencies My admiration for biotechnology stocks should be no surprise because I have been focusing on a number of companies within this space. This sector has once again whetted the appetite of investors, and as result, it is currently outperforming its peers. I am…