Author Archives: Trader

French CAC 40 Index monthly chart (1991-2017)

French CAC 40 Index showing the breakout on Friday.

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

West texas Intermediate plunges 4.81% through $47 support

There is some support around $45 but the near-term downtrend will test major support around $43

West Texas Intermediate 8-Month Daily Chart

West Texas Intermediate 8-Month Daily Chart

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

TSX Index will test support around 15,300

TSX Index down 146 points today with oil, metals and gold leading the plunge.

TSX Index down 146 points today with oil, metals and gold leading the plunge.

TSX Index 8-Month Daily Chart

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Shopify (Shop) chart showing the intermediate uptrend

I featured Shopify at $26.82 on March 8, 2016. Now at $75.95

Shopify daily candlestick chart showing the intermediate uptrend.

Shopify Daily Candlestick Chart

Reference my post from March 8, 2016 when it was trading for $26.82: “Shopify upgraded with a $35 price target. Breakout at $24. Near-term uptrend and momentum indicators confirming the move.”

Update May 2, 2017: Shopify reports first quarter results – Revenue +75%

Update May 3, 2017, Financial Post article: Why investors should stick with the ‘hot hand’ that is Shopify Inc.

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Adjusted or unadjusted charts in stockcharts.com?

Stockcharts.com displays adjusted charts as a default. The data is adjusted by adding dividends back into the stock price. When a company pays a relatively high dividend, this has a dramatic impact on the weekly chart. It is my opinion that unadjusted charts should be used in technical analysis. The following three-year weekly charts for Dream Office REIT highlight the impact of using adjusted charts. What chart would you use for your chart analysis? Or, does it matter?

Dream Office REIT 3-Year Weekly adjusted chart

Dream Office REIT 3-Year Weekly adjusted chart

http://stockcharts.com/articles/mailbag/2014/11/what-is-the-difference-between-adjusted-and-unadjusted-data.html?

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The following chart uses unadjusted data and this is the chart I would use for my technical analysis

Dream Office REIT 3-Year weekly unadjusted Chart

Dream Office REIT 3-Year weekly unadjusted Chart

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Transcontinental chart showing the major uptrend

Chart for Transcontinental showing the major uptrend.

Transcontinental 4-Year Weekly Chart Based on the Elder Impulse System

http://tctranscontinental.com/

2016 Annual Report

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Breakout for Metro (MRU.TO) after quarterly release

Metro 10-month daily chart showing the breakout after the quarterly release. Metro will test major resistance at 48. RSI and MACD are confirming the intermediate uptrend and near-term uptrend.

Metro 10-Month daily chart showing the breakout after the quarterly release. Metro will test major resistance at 48.

Metro (MRU.TO) 10-Month Daily Chart

Sales in the second quarter of 2017 reached $2,902.4 million, up 0.7% compared to $2,882.0 million in the second quarter of 2016. Same-store sales were up 0.3% (5.0% in the same quarter last year). Our food basket experienced more deflation than in the previous quarter, at about 2.0% (inflation of 3.0% last year), which largely explains our modest sales growth.

We realized net earnings of $132.4 million in the second quarter of 2017, an increase of 6.0% from $124.9 million for the corresponding quarter of 2016, and fully diluted net earnings per share of $0.56 versus $0.51 in 2016, an increase of 9.8%. Read more of the report………..

Metro Inc’s surging profit beats expectations as cost controls pay off.   Link to the article.

http://corpo.metro.ca/en/investor-relations.html

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca