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

CHKP Stock: Testing an Extremely Significant Level of Price Resistance Earnings season is now in full effect, and the direction in which the markets trade on any given day is determined by how investors perceive the slew of earnings that day. This earnings season has been very eventful,…

DNR Stock: These Technical Signals Are Significant The current bull market that began in the aftermath of the financial crisis in 2008 is now the longest bull market on record. The progressive move toward higher index values, which characterized this bull market, is why I have spent most…

LSCC Stock Has Just Completed a Very Large Technical Price Pattern  It’s official: the current bull market is now the longest in history, putting all the naysayers to bed. This upward move following the last financial crisis has been exquisite. The stocks and sectors supporting each leg have been varied,…

PCRX Stock: Anticipating the Next Sustained Move The pharmaceutical and biotechnology stocks continue to outperform in this current market environment, and there is little to suggest that these sectors will not continue to delight investors. I have chosen to focus on Pacira Pharmaceuticals Inc (NASDAQ:PCRX) stock because I believe…

RDCM Stock: Anticipating a Breakout The current market environment is starting to remind me of the market environment that characterized the trading action all of last year. If you cannot recall, 2017 was characterized by low volatility and a methodical move toward higher index values. This trend became…

VRAY Stock: This Breakaway Gap Is Significant The markets continue to appreciate, and it does not seem like any bad news has the ability to derail this market at its current juncture. The move toward higher index values has been supported by a wide group of stocks and…

AMPE Stock: Waiting for the Applicable Signals I have been focusing on a number of small-cap biotechnology stocks in recent weeks. The reason I have been doing so is that the stocks in this sector have either been moving toward higher prices or are setting up to do…

IOVA Stock: These Two Signals Will Set the Wheels in Motion Small-cap stocks and biotechnology stocks have been gaining a lot of attention recently, and for good reason. These two types of stocks are currently performing extremely well in the market, and they continue to forge new all-time…

DIS Stock: Patience & Discipline Could Pay Off The most difficult aspect of every investment strategy is waiting for that opportune time when all the signals come together and align, suggesting that a move is highly likely to develop. This requires patience and discipline. Patience and discipline have their virtues.…

MNTA Stock: Reiterating My Bullish View The current stock market environment is not weak. And, despite the headlines warning the general public about the implications of a trade war, the major market indices continue to push higher. This move toward higher index values has been led by a…

ALDR Stock: Coinciding Price Points Are Not a Coincidence The biotechnology stocks, especially the small-cap ones, have been performing exceptionally well in the current market environment. This is evident in the fact that both the biotech and small-cap indices have gone on to forge new all-time highs in…

DVAX Stock: Watching These Technical Indications The Nasdaq composite index continues to forge new all-time highs, which is great news because it continues to reinforce the notion that a bull market is still in development. This is in keeping with the theme of "not fighting the tape," which…

MDSO Stock: This Bullish Trend Has Legs The markets are completely dismissing the potential impact that a trade war can have on an economy. As a proponent of price action, if the markets are not concerned with the prospects of a trade war at this current juncture, then…

SPPI Stock: Don't Fight the Tape "Don't fight the tape" is a famous saying in the investment and trading world. What it means is that you should not trade against the predominant direction in which the major markets are heading. In a bull market, positions should be weighted…

GRMN Stock: Targeting a $79.00 Price Objective Summer is now in full swing, which means the summer doldrums have taken effect. This is the time of the year where directional moves and volume have a tendency to drop off. But this does not mean that stocks are not setting up…

KTOS Stock: Waiting for One More Signal On July 12, President Donald Trump claimed victory in Brussels when NATO members agreed to raise their defense spending. This news sent shock waves throughout the markets, and defense stocks appreciated as a result. In light of this news, I have…

GHDX Stock: The Path of Least Resistance Is Toward Higher Stock Prices The current market environment seems very shortsighted. The reason I say that is, every time there is an escalation in this tit-for-tat trade war, the market sells off for a single day and then shrugs it…

N Stock: Critical Juncture 2017 was an excellent year to be invested in the marijuana sector because, by year's end, almost every stock that populated this sector was up a significant amount. 2018 has not been so kind. The year began with a significant correction, and while some stocks have…

A Directional Move for TGIFF Stock Is on the Horizon Marijuana stocks continue to be a very popular subject among retail investors. Look no further than the Internet and you'll find chat boards littered with investors praising the companies that are destined to operate in the legal marijuana sector. The problem…