Category Archives: Stocks

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

Precision Drilling (PD:TSX) chart analysis

Near-term uptrend for Precision Drilling with resistance at $8.00
Precision Drilling candlestick chart showing the near-term uptrend and the confirming indicators of volume, OBV and RSI.

Precision Drilling 6 Month Daily Chart

Reference the last chart analysis for Precision Drilling.

Review the latest earnings release for Precision Drilling and note the positive reaction on the above chart.

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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

Microsoft (MSFT) candlestick chart

Bearish Engulfing Pattern for Microsoft
Bearish engulfing pattern on the daily candlestick chart for Microsoft.

Microsoft (MSFT) 6 Month Daily Chart

Microsoft Reports Record Fourth-Quarter and Full-Year Revenue.

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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

Canadian Natural (CNQ:TSX) candlestick chart

Intermediate trend is down for Canadian Natural Resources
There was a bullish candlestick on July 17 but the intermediate trend is still down. CNQ will meet resistance at $28.00

CNQ 6 Month Daily Chart

There was a bullish candlestick on July 17 but the intermediate trend is still down. There must be a confirmed breakout above the downward sloping trendline for the near-term uptrend to continue. CNQ will first meet resistance in the $28.00 to $28.50 price zone. A breakout above the trendline will see CNQ meet resistance at the June high of $29.00 and major resistance on the weekly chart in the $30.00 price zone.

Reference the last chart analysis for Canadian Natural Resources.

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