Patrick Brik, BAS, CFA, CMT

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

NVDA Stock: This Is Why Further Selling Is Expected to Follow October is historically a bad month for stocks, and 2018 is no exception. I am focusing on NVIDIA Corporation (NASDAQ:NVDA) stock because the pillars of support that have been responsible for supporting NVDA stock in recent years have…

APHQF Stock: A Break Above Resistance at $16.00 Will Set the Wheels in Motion Marijuana is legal in Canada. This event has now come and gone, and I have to say, the way this sector performed on the first day of legalization caught me a bit off guard.…

CNTTF Stock: A Bullish Event, but Caution Is Warranted The month of October is proving once again to be a volatile one, in terms of the stock market. The major market indices are in turmoil, having been struck by a round of selling pressure. While this sell-off was…

AMBA Stock: Path of Least Resistance Is Geared Toward Lower Prices Ambarella Inc (NASDAQ:AMBA) has fallen on hard times in recent years. Its severed relationship with GoPro Inc (NASDAQ:GPRO) has put a dent into its sales figures. The company is finding it tough to grow as year-over-year sales…

CNTTF Stock: Destined for Higher Prices? Marijuana legalization in Canada is fast approaching, and I am getting fearful that a correction in this sector will quickly follow. My fears stem from two notions. The first is that an event like legalization can act as a catalyst, sparking a…

CNNRF Stock Just Passed the Halfway Point A landmark event is set go into effect on October 17, when recreational marijuana becomes legal in Canada. Investors have been anticipating this event for many years now, and their enthusiasm for the cannabis industry has been responsible for the bull…

OGRMF Stock Is Taking Cues From the Price Action Marijuana stocks are on the move as investors and corporations across the globe have come together to embrace this sector. This drug that was once shunned is now being accepted with open arms. On October 17, 2018, marijuana is…

ACBFF Stock: A Sustained Move Toward Higher Stock Prices Is Currently in Development I am following up on a report on Aurora Cannabis Inc (OTCMKTS:ACBFF, TSE:ACB) titled "Aurora Cannabis Stock Is on the Verge of Breaking Out" that was published on September 6, 2018. In that report, I outlined…

This Is All That Stands in the Way of Much Higher NEPT Stock Prices Investors are tickled pink about marijuana-related stocks. The recent round of enthusiasm is centered around cannabidiol (CBD), the non-psychoactive property found in marijuana. CBD will not get you high, but it does have many health benefits. For…

ATI Stock: A War Is Being Waged Around the $30.00 Price Point I for one, do not believe in coincidences. This notion is especially true when it comes to analyzing the merits of an investment using technical analysis. The reason why I am bringing this up this phenomenon…

EVE Stock: Will This Be the Precursor to Higher Prices? Ever since news broke on August 15 that alcoholic beverage conglomerate Constellation Brands, Inc. (NYSE:STZ) was substantially increasing its ownership stake in marijuana producer Canopy Growth Corp (NYSE:CGC), marijuana stocks have been set ablaze. Now, on any given day, there's a cannabis…

With CGC Stock, Momentum Is a Powerful Force to Be Reckoned With I use technical analysis to determine whether a stock is worth investing in. This method of investment analysis uses historical data to forecast what the future may bring. This method of investment analysis has many facets,…

WDAY Stock: This Is Why Backtests Are an Optimal Time to Enter a Position They say the most difficult part of investing is trying to time the markets. From an investor's standpoint, we always want to pay the least when acquiring a position in a stock and receive…

TRVN Stock: Marking a Very Significant Inflection Point Looking for price patterns on a stock chart has proven to be a fruitful experience. These patterns are instrumental in creating trading strategies and helping with investment decisions. These patterns can help determine which direction a stock is heading in…

TRVG Stock: A New Bull Market in Development? We have all heard of the investment strategy of buying low and selling high. In theory, this is an excellent strategy. This is why investors like to look for stocks that have fallen from grace in hopes of picking them…

JNPR Stock: Bullish on Multiple Time Frames The use of technical analysis as a method of stock analysis to gauge the merits of an investment is a fickle subject. The reason why is that two technical analysts can look at the exact same stock charts and come up with…

TLRY Stock: A Short Squeeze of Epic Proportions A lot of attention is currently focused on the marijuana stock sector. Ever since August 15, when news broke that Constellation Brands, Inc. (NYSE:STZ) was increasing its ownership stake in Canopy Growth Corp (NYSE:CGC), this sector has been on a tear to the upside.…