Category Archives: Stocks

Breakout for iShares Nasdaq Biotechnology ETF (IBB)

Biotechnology stocks had a huge move today. Breakout for IBB on the daily chart at $270. The breakout was on heavy volume. The candlestick today was a tall white shaven bottom and shaven head candlestick. Volume, OBB, RSI and MACD are confirming the move for this market-cap weighted ETF.

Breakout for iShares Nasdaq Biotechnology ETF (IBB) on heavy volume

IBB 6-Month Daily Chart

iShares Nasdaq Biotechnology ETF

XBI is an equal weighted etf which had a similar move today.

http://blogs.barrons.com/stockstowatchtoday/2016/04/06/biotech-the-waiting-game/

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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.

© 2016 TradeOnline.ca

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Barrick Gold 3-year weekly chart

The candlestick chart for Barrick Gold shows support at $17 which is near the 50-day moving average. A break below $17 would have some tentative support at $16. After that, it would be an elevator ride down to $12 near the 200-day moving average. I just published a chart for gold showing the $1200 support zone. A break for gold below $1200 would presage a break below $17 for Barrick Gold.

Barrick Gold 3-Year Chart showing major support.

Barrick Gold 3-Year Chart

Reference the latest chart for gold showing the 1200 support zone.

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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.

© 2016 TradeOnline.ca

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Dream Office REIT 3-year weekly chart

A positive breakout from the lateral trading band would indicate an intermediate target price of $23.00. Dream Office REIT has a sustainable yield of $1.50 per share which is 7.26% at the current trading price.

A break above resistance of $21 indciates an intermediate target of $23

Dream Office REIT 3-Year Weekly Chart

Reference the last chart analysis for Dream Office REIT showing the positive reaction to the dividend cut.

______________________________

“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.

© 2016 TradeOnline.ca

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Reynolds American (RAI) 5-year chart

The weekly chart for Reynolds American is a good benchmark to show a major uptrend, intermediate uptrend and near-term uptrend. The consumer staples sector is a top performer over the past five years.

Reynolds American 5-Year Chart showing the major uprend

Reynolds American 5-Year Chart

http://www.rjrt.com/

http://www.reynoldsamerican.com/Investors/default.aspx

______________________________

“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.

© 2016 TradeOnline.ca

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Shopify (SHOP) 6-month daily candlestick chart

Shopify upgraded with a $35 price target. Breakout at $24. Near-term uptrend and momentum indicators confirming the move

Shopify 6-month daily chart_2016-03-08

Shopify stock has 35% upside, analyst says

https://www.shopify.ca/

Update March 18, 2106: Google is rumoured to be shopping for takeover targets to bolster its cloud computing platform and work place applications.    Read…………………………..

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“If you dither, you lose”

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.

© 2016 TradeOnline.ca

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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

AMC Entertainment 6-Month Chart

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

______________________________

“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.

© 2016 TradeOnline.ca

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Doji Star appears on the daily chart for Teck Resources

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 showing the doji star

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

3 Year Weekly Chart

______________________________

“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.

© 2016 TradeOnline.ca

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