Is there any doubt about the trend for BCE?

The 100-day moving  defines the trend line for BCE

Yes, it is definitely up. Defining the tend is the most important concept in technical analysis. You must always trade in the direction of the trend and jump aboard for the ride. Use candlesticks and other confirming indicators — moving averages, on balance volume and momentum indicators — to determine when it is time to exit the trade.  All the indicators will be reviewed in future posts using real time examples.  And, the objective of the site is to  keep-it-simple: anyone can complicate a topic.

Technical Analysis: BCE 3-year weekly candlestick chart with the moving averages, volume and momentum indicators.

BCE 3-Year Weekly Chart

See the article in the National Post on the analyst upgrade for BCE.

Note: This analysis is for educational purposes. Please conduct your own analysis or consult your financial advisor before making investment decisions
 
The chart snippets are from BigCharts.com which I recommend and have used for fifteen years.
 
Copyright © TradeOnline.ca All rights reserved

Leave a Reply

Your email address will not be published.