Transcontinental 4-Year Weekly Chart Based on the Elder Impulse System
http://tctranscontinental.com/
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Transcontinental chart showing the major uptrend
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Author Archives: Trader
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 (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
Canadian dollar testing support again at $0.7400
Major trend is down with plenty of headwinds
Canadian Dollar 7-Month Daily Chart
Reference the last chart analysis for the Canadian dollar when it had a little tailwind.
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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
Is the S&P 500 Index overvalued based on historical metrics?
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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
Bank of America (BAC) testing major support at $22
Major uptrend and intermediate uptrend for Bank of America. The near-term downtrend is testing the $22 support level. This could be an entry point.
Bank of America 3-Year Weekly Candlestick Chart
Click here for a live version of the weekly candlestick chart for Bank of America.
______________________________
“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
German DAX struggling at all-time closing high of 12,374
Major uptrend and intermediate uptrend for the German Dax
German DAX 6-Year Bar Chart
http://www.tradingeconomics.com/germany/stock-market
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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
Morgan Stanley (MS) chart analysis
Morgan Stanley is near the major support level of 40 just before the first quarter release
Morgan Stanley 3-Year Chart
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. Reference Wikipedia
April 19, 2017: Morgan Stanley’s quarterly profit surges on trading gains
______________________________
“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
Major uptrend for Intertape Polymer (ITP.TO)
Intertape Polymer Group (ITP.TO) 3-Year Weekly Chart
Reference the financials for Intertape Polymer.
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