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

TXN Stock: Approaching the All-Time High Texas Instruments Incorporated (NASDAQ:TXN) stock is setting up to run once again. The trend toward higher prices continues, and the constructive price indicators that have been supporting an advance in TXN stock continue to mount. I stated in my previous publication about this…

STX Stock: Testing Support Seagate Technology PLC (NASDAQ:STX) stock was ravaged by a brutal bear market that began in late 2014. This bear market erased 70% of STX stock's market value before the selling finally abated. It may be hard to believe, but this sell-off was actually constructive,…

FB Stock: Trending Higher My bearish views on Facebook Inc (NASDAQ:FB) stock are proving to be ill-founded, because the price is failing to agree with my views. To add salt to my wound, Facebook stock is increasing as bearish signals have continued to mount. So, as a result, I…

INTU Stock: Rule Abiding Citizen I am ecstatic to highlight Intuit Inc. (NASDAQ:INTU) stock because I seldom come across a stock that adheres so closely to technical rules and contains such an exquisite trend. I have looked at INTU stock over numerous time frames and I have yet to come…

Intel Stock: Patience Has Its Rewards In November 2016, I published a report on Intel Corporation (NASDAQ:INTC) stock, illustrating that the bullish developments that were generated earlier in the year were being put to the test. This test was spurred on by a disappointing earnings quarter that sent…

SYMC Stock: Hold on Tight The moment of truth is upon Symantec Corporation (NASDAQ:SYMC) stock, as it has exited a price pattern and is now making a new all-time high. This event marks the beginning of what could be an epic run in SYMC stock. Internet security is…

BMY Stock: Further Downside On Wednesday, January 11, 2017, President-elect Donald Trump attacked drug makers in a press conference and accused them of "getting away with murder." This "murder" reference was in regards to their predatory pricing polices that have been scrutinized by the mainstream media. This comment caused…

Paypal Stock: Setting Up, Once Again Paypal Holdings Inc (NASDAQ:PYPL) stock and I have a love/hate relationship now. This may sound silly, but I was convinced in late October that PayPal stock was on well on its way to forging new all-time highs, I even had a price…

QCOM Stock: Geared Up and Ready The sell-off that gripped QUALCOMM, Inc. (NASDAQ:QCOM) stock in 2014, finally bottomed in February 2016, after 46% of the company's value was wiped away. Since those lows were created, Qualcomm stock has trended higher in such an orderly manner that suggests that…

SRPT Stock: Price Shocks Sarepta Therapeutics Inc (NASDAQ:SRPT) stock soared on January 10, 2017 following its presentation at the JPMorgan Healthcare Conference. That's where Sarepta announced that the company’s Duchenne muscular dystrophy (DMD) drug—which was just approved by the U.S. Food and Drug Administration (FDA) in September 2016—generated $5.4…

SQ Stock: Standing Aside I have been bullish on Square Inc (NYSE:SQ) stock since August 2016, when I first featured this company. At the time of that first report, Square stock was trading at $11.75, and I outlined the positive developments that suggested a bullish view was warranted. In…

MRVL Stock: On the Cusp Marvell Technology Group Ltd. (NASDAQ:MRVL) stock is bumping up against an extremely important level of resistance and even the slightest advance would cause MRVL stock to break above this level. This level of resistance is not any ordinary level of resistance. This resistance…

DDD Stock: Bullish Setup 3D Systems Corporation (NYSE:DDD) stock had an incredible day on Monday January 9, 2017. The stock ran up 15.70%, and here is the kicker: there was not any company-specific news that was responsible for this surge in price. Perhaps there is something going on…

CUDA Stock: Bullish Price Action Barracuda Networks Inc (NYSE:CUDA) stock is set to trade higher on Tuesday, after the the company posted earnings per share (EPS) of $0.22 on $88.8 million in revenue. This beat analysts' expectations on both the top and bottom lines and, as a result, investors bid…

CGC Stock: Bullish Alignment The gyrations in Canopy Growth Corp (TSE:CGC, CVE:CGC) stock have settled down over the last few weeks and volatility has contracted. I honestly believe that this little lull that has been created is only temporary and will not last long. This is perhaps the calm…

SHOP Stock: The Party Has Started 2017 has begun, and my rock star pick, Shopify Inc (NYSE:SHOP) stock, is ready to rock and roll. The bullish price pattern that I described in my previous publication on Shopify stock has finally completed, and the bullish outcome that is suggested by the SHOP…

Alibaba Stock: Great Start Little time has passed since my last article that was published on December 30, 2016, but a lot has happened with regards to the Alibaba Group Holding Ltd (NYSE:BABA) stock price. The critical situation on the BABA stock chart that I outlined in that report…

NFLX Stock: Resistance Has Fallen This is an exciting moment for Netflix, Inc. (NASDAQ:NFLX) stock. It is on the verge of creating a new all-time high. The price that Netflix stock needs to pass is $133.27, a level that was attained in December 2015. The $130.00 price has been…

YHOO Stock: A Breakout Is Imminent Yahoo! Inc. (NASDAQ:YHOO) stock is setting up to make a bullish move, and I have been waiting for Yahoo stock to complete a price pattern that will indicate when the next run is set to take place. This is the same pattern that…

Bitcoin: I Hate It, but I Love It The media is abuzz about Bitcoin (BTC) and the Bitcoin price, and with good reason. This cryptocurrency is revisiting a major milestone in the price, which was set in November 2013, and the developments—or lack thereof—with regards to the Winklelvoss's Bitcoin…