Category Archives: Stocks

Apple (AAPL) candlestick chart analysis

Is $525 the bottom for Apple?

Apple daily candlestick chart showing the double bottom and the hammer candlestick.  Support and resistance levels are identified on the chart.

A break below the major support level of $525 would be a bad omen for Apple. Monitor this support level closely.

Reference Investor Relations for Apple Inc. to review the fundamental data.

Relevant articles picked from the Web:

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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 chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

SPDR Gold Trust ETF (GLD) logarithmic chart analysis

Long-term uptrend and major lateral trading band
SPDR Gold Trust ETF (GLD) Monthly Logarithmic Chart showing the upward sloping trendline with support and resistance levels.

SPDR Gold Trust ETF (GLD) Monthly Logarithmic Chart 2005-2012


Historical price for gold in U.S. dollars for the period 1974-2012.

Gold Price in USD/oz Linear Scale 1974-2012


The above charts provide a long-term perspective for gold. The first chart shows the pricing for SPDR Gold ETF (ticker:GLD) for the period 2005 to 2012 in the logarithmic scale. The second smaller chart extends the date range from 1974 to 2012 and shows the actual price of gold in U.S. dollars in the linear scale.

There are two generally accepted principles in technical analysis: (1) individual stocks and broad indexes move in trends, and (2) the trend will continue until there is evidence to the contrary. How is this relevant for gold? The long-term trend for gold is up and is currently trading in a major and intermediate lateral trading band. And the near-term trend is down. Given the assumption that the long-term uptrend will continue for gold, a breakout above resistance of 174 and 185 (ticker:GLD) would confirm the continuation of the long-term uptrend. On the contrary, a break below support of 150 (ticker:GLD) would raise a red flag for the continuation of the uptrend.

Significant dates in modern gold history:

  • August, 1971: Then-U.S. President Richard Nixon takes the U.S. dollar off the gold standard, which had been in place with minor modifications since the Bretton Woods Agreement of 1944 fixed the conversion rate for one Troy ounce of gold at $35 (U.S.).
  • March, 1973: Most major countries adopt floating-exchange-rate system.
  • January, 1980: Gold hits record high of $850 an ounce.
  • August, 1999: Gold falls to a low of $251.70.
  • November, 2004: SPDR Gold Shares ETF launched
  • November, 2005: Spot gold breaches $500 for the first time since December 1987.
  • May, 2006: Gold prices peak at $730 an ounce.
  • November, 2007: Spot gold hits a 28-year high of $845.40 an ounce.
  • March, 2008: Benchmark gold contract trades over $1,000 for the first time in U.S. futures market.
  • September, 2008: Spot gold rises by nearly $90 an ounce, a record one-day gain.
  • September, 2010: Gold prices reach $1,300 an ounce.
  • September, 2011: Gold prices hit a high of $1,895 USD/oz

http://www.kinross.com/investor-centre/gold-history.aspx

Relevant articles picked from the Web:

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Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Canadian Natural (CNQ:TSX) chart analysis

Intermediate trend is down for Canadian Natural Resources
CNQ chart analysis showing the downward sloping intermediate trendline.

CNQ YTD Daily Bar Chart

When you see a chart like this for a major Canadian oil company, you can understand the dismal performance of the TSX Index.

Reference the last chart analysis for CNQ published on July 17, 2012.

Reference the corporate website for CNQ.

Relevant articles picked from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Whistler Blackcomb Inc. (WB:TSX) chart analysis

Breakout for Whistler Blackcomb Inc. at resistance of $11.75
Breakout on the weekly candlestick chart for Whistler Blackcomb Inc.

Whistler Blackcomb Inc. 2 Year Weekly Chart

What more can I say? Intermediate uptrend with a yield of 8.08%. Enjoy the ride and exit when the chart pattern indicates a reversal pattern. Will meet resistance at $12.75 which was the 2011 high.

Please review the fundamental data for Whistler Blackcomb Inc.

Seeking a lift from ski resort stocks – Globe Article – November 15, 2013

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Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

iShares Capped Energy Index (XEG:TSX) chart analysis

Intermediate uptrend for iShares energy Index
Chart analysis for iShares Capped Energy Index (XEG:TSX) with support and resistance levels.

ishares Capped Energy Index (XEG:TSX) YTD Chart

Some points to review from the above chart:

  • Intermediate uptrend for XEG as of September 18, 2012
  • RSI is confirming the uptrend and above 0
  • Support zone is identified
  • Must hold the support zone to maintain the intermediate uptrend
  • A break below support would indicate a near-term downtrend or sideways consolidation
  • Note the intermediate target which is major resistance
  • Note the divergence between the oscillator and the price action in June — bottom fishing

Relevant articles picked from the Web:

Reference past posts and related sites:

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Note: The above chart analysis is valid as of the publication date. To review current charts click on Home or perform a search. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Teck Resources (TCK.B:TSX) chart analysis

Breakout above the downward sloping trendline
Candlestick chart for Teck Resources showing the breakout above the downward sloping trendline.

Teck Resources (TCK.B:TSX) 6 Month Daily chart

Relevant articles picked from the Web:

Referenced past posts and related sites:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

BCE (BCE:TSX) chart analysis

Always trade in the direction of the major trend
BCE chart analysis.  Always trade in the direction of the major trend.

BCE 4 Year Candlestick Chart

This is not the first time I have posted a chart for BCE where I emphasized the most important principle of technical analysis: Always trade in the direction of the major trend. Is there any doubt about the major trend for BCE? The 200 Day SMA is a good approximation of the trendline.

The current resistance level is $43.00 and there is a good chance that BCE will break above this resistance level when it reports before the bell on Wednesday.

Compare the above chart for BCE to the chart for the TSX Index.

The following are samples of my previous posts for BCE:

Must read articles from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca