Category Archives: Stocks

AMC (AMC) Entertainment daily chart

AMC was a featured stock January 27, 2016 when it was trading at $20.92.

AMC Entertainment 6-Month Chart

https://tradeonline.ca/2016/01/27/amc-amc-entertainment-holdings-at-major-support/

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. 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 stock or index.

Doji Star appears on the daily chart for Teck Resources

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The doji star is a potent warning when it appears after a sustained uptrend. It is a yellow light indicating caution. And it is close to the 10.00 resistance zone. A gap down on Monday that closes deep into the two prior white candlesticks would complete the evening doji star pattern. If the stock advances on Monday towards the 12.00 resistance zone, the doji star is nullified. Monitor the price action and trade accordingly

6-Month Candlestick Chart

Reference: A view of the weekly chart for Teck Resources showing the major downtrend but an intermediate and near-term uptrend with the $10.00 resistance zone.

On the plus side: Copper continues to breakout in a near-term uptrend which bodes well for Teck Resources.

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+33.94% for the week! Intermediate and near-term uptrend

3 Year Weekly Chart

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“Technical Analysis is about probabilities.”

iShares (XEG) S&P/TSX Capped Energy Index ETF

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Daily chart of XEG showing the near-term uptrend and the breakout above the 10.00 resistance level. Momentum indicators and volume are confirming the move. But, the major trend and the intermediate trend are both down as you can see on the weekly chart which is below this one.

XEG 6-Month Daily Chart

The iShares S&P/TSX Capped Energy Index ETF seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped Energy Index, net of expenses.

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Weekly chart for XEG showing that the major trend and the intermediate trend are both down. XEG will meet heavy resistance around 11 which is near the 40-week moving average.

XEG 3-Year Weekly Chart

______________________________

“Technical Analysis is about probabilities.”

Teck Resources at resistance of $10

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Intermediate and near-term uptrend as money continues to move into the mining stocks

Teck Resources 3-Year Chart

Is this the bottom for Teck Resources published on December 17, 2015

http://www.teck.com/investors/

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“Technical Analysis is about probabilities.”

Chesapeake Energy (CHK) surges on heavy volume

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Daily chart for Chesapeake Energy showing the 25.59% jump today. Money is flowing into the downbeaten energy sector helped by a little bit of short covering