Category Archives: Stocks

AutoCanada (ACQ:TSX) candlestick chart

It all started with the gap
A nice chart for AutoCanada showing the consolidation zone and the gap which was the start of a major uptrend.

AutoCanada Weekly Candlestick Chart

AutoCanada has raised its dividend 10 separate times since 2010.

Reference the website for AutoCanada.

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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.

Precision Drilling chart analysis

Breakout for Precision Drilling on the weekly chart
Breakout for Precision Drilling on the weekly candlestick chart.  Volume and RSI are confirming the intermediate uptrend.

Precision Drilling Weekly Chart courtesy of StockCharts.com

Breakout for Precision Drilling on the weekly candlestick chart. Volume and RSI are confirming the intermediate uptrend.

Reference the last chart analysis for Precision Drilling.

Reference the last chart analysis for the TSX Index.

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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.

© 2013 TradeOnline.ca

Canadian Energy Sector versus U.S. Energy Sector

Canadian Energy Sector has underperformed U.S. Energy Sector

YTD Performance XEG ETF energy sector versus XLE energy sector courtesy of <a href=

This chart is simply the YTD performance of XEG ETF relative to XLE ETF.

Reference the last chart analysis for the S&P 500 Index.

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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.

© 2013 TradeOnline.ca

Goldcorp (GG) chart analysis

Time to monitor for bottom formation chart pattern
Goldcorp (GG) 5 Year Logarithmic Chart showing the major, intermediate and near-term downtrend.

Goldcorp (GG) 5 Year Logarithmic Chart

The gold miners are trading well into bear territory. Take a look at the 5 year chart for Market Vectors Gold Miners ETF (GDX) which is approaching the 2008 low. Barrick Gold (ABX) is testing the 2008 low.

Goldcorp (GG) has the largest market cap in the industry and some of the best fundamentals. Never try to catch a falling knife but it is time to monitor for a bottom formation pattern.

Reference the last chart analysis for gold.

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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.

© 2013 TradeOnline.ca

SPDR Gold Trust ETF (GLD) logarithmic chart analysis

A break below major support of 150
A break below major support of  150 on the weekly chart for the GLD ETF.

GLD ETF 5-Year Weekly Logarithmic Chart

GLD is officially in bear market territory (-20% from a high) as the $143.95 close is a drop of 22.5% from the September, 2011 high of $185.85. And then we have the break below major support of 150. The next support level is 140.

I don’t care about reasons for the price of goal. There are people who make a living writing about the multitude of reasons for the slide in gold. I just follow the chart until it indicates a bottom. Reasons are irrelevant.

Reference the last chart analysis for the SPDR Gold Trust ETF (GLD)

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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.

© 2013 TradeOnline.ca

Canadian Energy Sector versus U.S. Energy Sector

Canadian energy sector has underperformed its U.S. counterpart
This chart measures the relative performance of the Canadian energy sector versus the U.S. energy sector.

XEG ETF versus XLE ETF courtesy of StockCharts.com

This chart is simply the performance of XEG relative to XLE which is XEG/XLF.

Reference the last chart analysis for XEG – S&P/TSX Capped Energy Index Fund.

______________________________

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.

© 2013 TradeOnline.ca

XMA – S&P/TSX Capped Materials Index Fund

XMA is testing major support at $16.00
Candlestick chart of XMA - S&P/TSX Capped Materials Index Fund  showing the major downtrend with support at $16.00 courtesy of <a href=

XMA 5-Year Candlestick Chart courtesy of BigCharts.com

 

Reference the last chart analysis for the TSX Index.

Reference the last chart analysis for XEG – S&P/TSX Capped Energy Index Fund.

Reference iShares XMA – S&P/TSX Capped Materials Index Fund overview.

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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.

© 2013 TradeOnline.ca