Author Archives: Trader

TSX Index up 20.67% YTD for period ending October 29, 2021

TSX Index

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Technical Analysis is about avoiding snakes and catching ladders

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.

© 2021 TradeOnline.ca InvestOnline.ca

West Texas Intermediate (WTI) long-term-chart

Crude oil reached an all time high of $147.27 in July of 2008. I have placed a trendline on the chart which shows a breakout above the trendline and indicates that WTI has more runway. Could $100 be in the cards before the end of the year?

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Technical Analysis is about avoiding snakes and catching ladders

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.

© 2021 TradeOnline.ca InvestOnline.ca

October 29, 2021:Long-term chart for natural gas

There is a lot more runway for natural gas to move upward as we approach the heating season

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Technical Analysis is about avoiding snakes and catching ladders

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.

© 2021 TradeOnline.ca InvestOnline.ca

Suncor (SU.TO) jumps after releasing third quarter results which included the doubling of the current dividend

Suncor was up 13.39% as represented by the tall shaven bottom and shaven head candlestick. It closed above the recent high of $31.50. If it holds above the breakout point, Suncor has enough runway to hit $40 over the next three months. This all depends on WTI holding above $80. Suncor daily candlestick chart 2021-q3-suncor-energy-quarterly-report-en.pdf

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Technical Analysis is about avoiding snakes and catching ladders

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.

© 2021 TradeOnline.ca InvestOnline.ca

S&P 500 closes above resistance of 4550 which is now the new support level to mark on your chart

The shooting star candlestick today is a little concerning but the main point is that the S&P 500 must stay above the breakout point near 4550 which is the new support level. The reversal of roles from resistance to support or vice versa is an important concept in technical analysis.

Daily chart of the S&P 500

The following chart is one of the breadth indicators. It points out that 64.73% of the S&P 500 stocks are trading above their 50-day moving averages. This is up from 25% at the beginning of October. This breadth indicator is confirming the recent upward trajectory of the index. This indicator needs to move up with the index . 

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Technical Analysis is about avoiding snakes and catching ladders

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.

 

© 2021 TradeOnline.ca InvestOnline.ca

Facebook (FB) at major support near 200-day moving average

Facebook will report third quarter results after the market close on October 25, 2021 Facebook – Facebook to Announce Third Quarter 2021 Results (fb.com)

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Technical Analysis is about avoiding snakes and catching ladders

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.

© 2021 TradeOnline.ca InvestOnline.ca

Corus Entertainment (CJR/B.TO) trading at major support after the release of Q4 2021

Corus Entertainment reported Q4 2021 which I considered relatively strong and the company has a sustainable dividend of 4.34% Corus chart Investor Relations – Corus Entertainment

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Technical Analysis is about avoiding snakes and catching ladders

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.

© 2021 TradeOnline.ca InvestOnline.ca

S&P 500 testing resistance at 4550

Chart of S&P 500

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Technical Analysis is about avoiding snakes and catching ladders

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.

© 2021 TradeOnline.ca InvestOnline.ca