A view of the Canadian boreal forest after a clear-cut
Earth Day – April 22
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Monthly Archives: April 2016
Putting the near-term uptrend for natural gas in perspective
Major downtrend and intermediate downtrend for natural gas. Near-term uptrend will meet heavy resistance at the 40-week moving average. A break above this average would indicate a test at $2.50. Natural gas has a long way to go before it is out of the woods.
http://www.eia.gov/naturalgas/
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“Technical Analysis is about probabilities.”
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.
© 2016 TradeOnline.ca
TSX Index will test resistance of 14,000
TSX Index trading above the 200-day simple moving average
TSX Index 3-Year Chart
Reference the last chart analysis for the tsx index.
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“Technical Analysis is about probabilities.”
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.
© 2016 TradeOnline.ca
Emerging markets trading higher
Emerging markets ETF (VWO) trading above 40-week moving average
Vanguard Emerging Markets ETF (VWO) 3-Year Weekly Chart
Vanguard FTSE Emerging Markets VWO provides market-cap-weighted exposure to equities from 22 emerging-markets countries. With an annual fee of 0.15%, it is one of the cheapest emerging-markets funds available. Read report.
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“Technical Analysis is about probabilities.”
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.
© 2016 TradeOnline.ca
Breakout for WestJet (WJA.TO)
Near-term uptrend for WestJet with major resistance at $25
WestJet 6-Month Daily Chart
http://www.westjet.com/guest/en/media-investors/
CALGARY, April 6, 2016 /CNW/ – WestJet today announced March 2016 traffic results with a load factor of 83.2 per cent. Revenue passenger miles (RPMs), or traffic, increased 7.4 per cent year-over-year, and capacity, measured in available seat miles (ASMs), grew 5.0 per cent over the same period. The airline flew a record 5.3 million guests in the first quarter, a year-over-year increase of 8.4 per cent or approximately 411,000 additional guests.
http://westjet2.mediaroom.com/index.php?s=43&item=1118
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WestJet trading above the 200-day simple moving average
WestJet (WJA.TO) 3-Year Weekly Chart
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“Technical Analysis is about probabilities.”
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.
© 2016 TradeOnline.ca
Breakout for Walt Disney (DIS) at $100
Walt Disney (DIS) 6-Month Chart
Reference the last chart analysis for Walt Disney published February 26, 2016.
https://thewaltdisneycompany.com/investor-relations/
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“Technical Analysis is about probabilities.”
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.
© 2016 TradeOnline.ca
Dow Jones Industrial Average weekly chart
Dow Jones Industrial Average three-year weekly chart showing the intermediate uptrend. Resistance is at the November, 2015 high around 18,000. A break above 18,000 would indicate a test of the 2015 all-time high of 18,351. MACD, RSI and OBV are confirming the intermediate and near-term uptrend.
Dow Jones Industrial Average 3-Year Weekly Chart
Reference my last chart analysis for DJIA.
https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
“Technical Analysis is about probabilities.”
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.
© 2016 TradeOnline.ca
Retest for iShares Nasdaq Biotechnology ETF (IBB)
I published this daily candlestick chart for IBB to highlight a couple of principles in technical analysis. First, the reversal of roles is an important concept in technical analysis. The $270 resistance point is now support. Second, a retest of the breakout point is common before the stock resumes the near-term uptrend. But, these are guidelines. Everything in technical analysis is about probabilities. A break below support of $270 would change the whole technical picture.
IBB Daily Candlestick Chart
Reference my chart for the breakout of IBB.
“Technical Analysis is about probabilities.”
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.
© 2016 TradeOnline.ca