Author Archives: Trader

iShares Capped Energy Index (XEG:TSX) chart analysis

Intermediate uptrend for iShares energy Index
Chart analysis for iShares Capped Energy Index (XEG:TSX) with support and resistance levels.

ishares Capped Energy Index (XEG:TSX) YTD Chart

Some points to review from the above chart:

  • Intermediate uptrend for XEG as of September 18, 2012
  • RSI is confirming the uptrend and above 0
  • Support zone is identified
  • Must hold the support zone to maintain the intermediate uptrend
  • A break below support would indicate a near-term downtrend or sideways consolidation
  • Note the intermediate target which is major resistance
  • Note the divergence between the oscillator and the price action in June — bottom fishing

Relevant articles picked from the Web:

Reference past posts and related sites:

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Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. 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.

© 2012 TradeOnline.ca

Technical Analysis: TSX Index candlestick chart

Intermediate uptrend for the TSX Index with near-term resistance at 12,500
Intermediate uptrend for the TSX Index with resistance at 12,500 and 12,800.

TSX Index 3 Year Weekly Chart

Reference the last chart analysis for the TSX Index published on September 7, 2012.

Relevant articles picked from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts with other technical indicators. 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.

© 2012 TradeOnline.ca

Teck Resources (TCK.B:TSX) chart analysis

Breakout above the downward sloping trendline
Candlestick chart for Teck Resources showing the breakout above the downward sloping trendline.

Teck Resources (TCK.B:TSX) 6 Month Daily chart

Relevant articles picked from the Web:

Referenced past posts and related sites:

______________________________

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.

© 2012 TradeOnline.ca

Bullish shaven head candlestick for the TSX Index

Increased probability for the TSX to test 12,800
Bullish shaven head candlestick on the weekly chart of the TSX Index.  The index will test resistance of 12,800.

TSX Index 3 Year Weekly Chart

Reference the last chart analysis for the TSX Index published on August 31, 2012.

Must read articles from the Web:

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts with other technical indicators. 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.

© 2012 TradeOnline.ca

S&P 500 candlestick chart analysis

Bullish shaven head candlestick closes above resistance
Bullish shaven head candlestick closes above resistance on the daily chart.

S&P 500 Index YTD Daily Chart

Reference the last chart analysis for the S&P 500 Index published on August 24, 2012.

Some points to ponder from the above chart:

  • Tall bullish shaven head candlestick closes above resistance.
  • Now must hold above the resistance zone.
  • The resistance zone will be the new support zone — reversal of roles concept.
  • Volume must increase to sustain the intermediate uptrend.
  • OBV is not confirming the uptrend: this is a concern.
  • RSI is confirming the intermediate uptrend.
  • If the index holds above 1,425 then the intermediate target is 1,530.

Must read articles picked from the Web:

______________________________

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.

© 2012 TradeOnline.ca

TSX Index candlestick chart analysis

Not an encouraging candlestick pattern on the weekly chart
TSX Index candlestick chart analysis showing volume and RSI.

TSX Index 3 Year Weekly Chart

Reference the last chart analysis for the TSX index based on the daily chart.

Must read articles from the Web:

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts with other technical indicators. 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.

© 2012 TradeOnline.ca

TSX Index candlestick chart analysis

TSX Index must hold 12,000 or it will test 11,500
TSX Index candlestick chart analysis showing the support and resistance levels.

TSX Index YTD Daily Candlestick Chart

Reference the last chart analysis for the TSX Index posted on August 17, 2012.

Must read articles picked from the Web:

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts with other technical indicators. 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.

© 2012 TradeOnline.ca

S&P 500 Index chart analysis

Another week and another chance for a breakout above 1,420
Candlestick chart for the S&P 500 Index showing support and resistance levels.  RSI is confirming the intermediate uptrend.

S&P 500 Index 6 Month Chart

Reference last weeks chart analysis for the S&P 500.

Relevant articles picked from the Web:

______________________________

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.

© 2012 TradeOnline.ca