Jan 142014
 
Breakout for Intel above resistance of $26.00
Breakout for Intel above resistance of $26.00

Intel (INTC) 3-Year Weekly Chart

Relevant articles picked from the Web:

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    “It is not when you buy that counts, it is when you sell”

    Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

    © 2014 TradeOnline.ca

    Jan 092014
     
    Intermediate uptrend for Alcoa with resistance at $11.00
    Weekly chart for Alcoa showing the intermediate uptrend with resistance at $11.00.  The chart shows OBV, RSI and volume.

    Alcoa 4-Year Weekly Logarithmic Chart courtesy of BigCharts.com

    With a 41% gain from the July low and concerns over the top line growth, you would expect profit taking at the $11.00 resistance level.

    Reference some excerpts from the fourth quarter release:

    Fourth quarter 2013 revenue was $5.6 billion, compared with $5.8 billion sequentially, and $5.9 billion in fourth quarter 2012, as realized aluminum prices declined 1 percent sequentially, and 7 percent year-over-year.

    Revenue in 2013 was $23.0 billion, compared to $23.7 billion in 2012 as realized aluminum prices declined 4 percent year-over-year.

    In 2014, Alcoa projects global growth in the aerospace (7 percent to 8 percent), automotive (1 percent to 4 percent), packaging (2 percent to 3 percent), and building and construction (4 percent to 6 percent) markets. After a strong 2013, Alcoa projects a steady commercial transportation market (-1 percent to 3 percent), and a decline in the industrial gas turbine market (-8 percent to -12 percent) on lower orders for new gas turbines and spare parts.

    Alcoa sees global aluminum demand growth of 7 percent in 2014, after 7 percent growth in 2013.

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    “It is not when you buy that counts, it is when you sell”

    Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

    © 2014 TradeOnline.ca

    Sep 212013
     
    A failure to break resistance of 12,900
    TSX Index chart showing the failure to breakout above resistance of 12,900.

    TSX Index 6 Month Daily Chart

    On Wednesday, the TSX Index reached a 52 week high and a tentative breakout above resistance of 12,900.

    On Thursdays, the doji candlestick showed the indecision of traders.

    On Friday, traders made their decision. The shaven bottom candlestick shows the sell-off on above average volume. This does not bode well for trading on Monday.

    Reference the last chart analysis for the TSX Index.

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    Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

    Jun 222013
     
    What is Dr. Copper’s prognosis for the world economy?
    Chart analysis for copper based on the weekly chart analysis showing the intermediate and near-term downtrend. The 200 day and 50 day moving averages are identified on the chart. The RSI is confirming the intermediate downtrend. Copper is trading below both moving averages. Major support is at $3.00.  Dr. Copper has a tepid prognosis for the world economy.

    Copper Weekly Chart courtesy of StockCharts.com

    Chart analysis for copper based on the weekly chart showing the intermediate and near-term downtrend. The 200 day and 50 day moving averages are identified on the chart. The RSI is confirming the intermediate downtrend. Copper is trading below both moving averages. Major support is at $3.00.

    Dr. Copper has a tepid prognosis for the world economy which does not bode well for the TSX Index.

    Reference the last chart analysis for copper.

    Reference the last chart analysis for the TSX Index which is positively correlated with copper.

    Reference my chart analysis for copper which showed the correlation between copper and the TSX.

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    Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.