Chart for BCE tells the story: Trade in the direction of the trend
The #1 rule of technical analysis is to always trade in the direction of the trend. And the chart for BCE is a good example why this is a profitable strategy: Just jump aboard the train and enjoy the ride.
Reference the last chart analysis for BCE posted on May 13, 2011.
Relevant articles picked from the Web:
- Telcos or pipelines? — Globe Investor — Dec 15, 2011
- Telus forecasts growth in 2012 — Financial Post — Dec 16, 2011
- Telecom firms under pressure to keep up with smartphone obsession — Globe Investor — Dec 30, 2011
The main purpose of TradeOnline.ca is a starting point for your own chart analysis. Technical analysis serves as a guidepost in your daily investment analysis and is used in conjunction with fundamental analysis. There is no magic formula for making profits when you trade online in the stock market. We are all students of the market, and one should never give up reviewing and learning the basics. Visit the Advanced Chart Settings and customize BigCharts so you can review different time periods.
Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart 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. The author of this article may hold long or short positions in the featured stock or index.
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