Major trend is down with plenty of headwinds
Reference the last chart analysis for the Canadian dollar when it had a little tailwind.
______________________________
Reference the last chart analysis for the Canadian dollar when it had a little tailwind.
______________________________
______________________________
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.
Click here for a live version of the weekly candlestick chart for Bank of America.
______________________________
http://www.tradingeconomics.com/germany/stock-market
______________________________
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
______________________________
Reference the financials for Intertape Polymer.
______________________________
______________________________
I identified the shooting star candlestick in the chart. It indicates a yellow light for the uptrend. Caution is advised if you are trading the near-term uptrend. There could be a test back to 1260 which would be normal. If you are trading the intermediate uptrend, I would hold the position unless there is a break below support around 1260.
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note: 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 stocks or indexes.
© 2017 TradeOnline.ca