Tag Archives: candlestick chart

Potential major breakout for Teck Resources at $34.00

I recommended and took a major position in Teck Resources on December 17, 2015 below $5.00

Major breakout for Teck Resources at $34.00

https://tradeonline.ca/2015/12/17/is-this-the-bottom-for-teck-resources/

https://www.teck.com/investors/

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Natural Gas at major support around $2.60 MMBtu

Natural Gas three year chart showing major support around $2.60.

The following is an excellent site for research: Natural Gas Weekly Update

Weekly natural gas rig count

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“What is the major tend? What is the intermediate trend? What is the near-term trend?”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Bitcoin chart 2010 to 2017 which is $100 to $24,540,143

Bitcoin long-term chart for 2010 to 2017

https://www.coindesk.com/price/

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“Technical Analysis is about identifying and following the appropriate trend.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Russell 2000 closes below 200-day average

Can it hold major support around 1350?

Russell 2000 closes below the 200-day average. Major support level is now around 1350.

Russell 2000 3-Year Weekly Chart

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Adjusted or unadjusted charts in stockcharts.com?

Stockcharts.com displays adjusted charts as a default. The data is adjusted by adding dividends back into the stock price. When a company pays a relatively high dividend, this has a dramatic impact on the weekly chart. It is my opinion that unadjusted charts should be used in technical analysis. The following three-year weekly charts for Dream Office REIT highlight the impact of using adjusted charts. What chart would you use for your chart analysis? Or, does it matter?

Dream Office REIT 3-Year Weekly adjusted chart

Dream Office REIT 3-Year Weekly adjusted chart

http://stockcharts.com/articles/mailbag/2014/11/what-is-the-difference-between-adjusted-and-unadjusted-data.html?

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The following chart uses unadjusted data and this is the chart I would use for my technical analysis

Dream Office REIT 3-Year weekly unadjusted Chart

Dream Office REIT 3-Year weekly unadjusted Chart

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Major uptrend for Intertape Polymer (ITP.TO)

Major uptrend continues for Intertape Polymer

Intertape Polymer Group (ITP.TO) 3-Year Weekly Chart

Reference the financials for Intertape Polymer.

______________________________

“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

10-Year US Treasury Yield closes below major support of 2.30%

10-Year US Treasury Yield daily candlestick chart showing the break blow support of 2.30%.

Chart showing the 10-Year US Treasury Yield on a 9-month daily candlestick chart

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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca

Breakout for gold above 1260

I identified the shooting star candlestick in the chart. It indicates a yellow light for the uptrend. Caution is advised if you are trading the near-term uptrend.  There could be a test back to 1260 which would be normal. If you are trading the intermediate uptrend, I would hold the position unless there is a break below support around 1260.

Chart for gold showing the breakout above 1260 and the 200-day moving average.

Gold 7-Month Candlestick Chart

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“Technical Analysis is about putting the probabilities on your side.”

Note: 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 stocks or indexes.

© 2017 TradeOnline.ca