Tag Archives: candlestick chart

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

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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.

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Teck Resources at resistance of $10

Intermediate and near-term uptrend as money continues to move into the mining stocks
Teck at resistance of $10

Teck Resources 3-Year Chart

Is this the bottom for Teck Resources published on December 17, 2015

http://www.teck.com/investors/

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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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Russell 2000 closes above the resistance zone of 1040-1050

This 6-month daily chart shows the close above the resistance level of 1040. The near-term trend is up but the major and intermediate trends are both down
Russell 2000 6-Month Daily Chart showing the breakout above resistance.

Russell 2000 6-Month Daily Chart

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The following 3-year weekly chart for the Russell 2000 shows the same breakout above 1040. But, the important point on the chart is the close above major resistance of 1050
Russell 2000 3-Year Weekly Chart showing the breakout above resistance.

Russell 2000 3-Year Weekly Chart

Reference my post for the Russell 2000 published on January 12, 2016 identifying the fact that the index was in bear market territory.

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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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S&P 500 closed today below 1950 and 50-day sma

S&P 500 5-Month Daily Chart showing the close below the 50-day sma

S&P 500 5-Month Daily Chart

Reference the Feb 17, 2016 post: Dead cat bounce? S&P 500 will test resistance at 1950

______________________________

“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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AGT Food and Ingredients (AGT.TO) 4-year chart

Major uptrend for this consumer staple stock

AGT 4-Year Chart showing major uptrend.

AGT 4-Year Chart

http://www.agtfoods.com/about-agt/history.html

______________________________

“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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Disney (DIS) could be a buy at this level

Major support zone around $90
Walt Disney 3-Year Chart showing support zone

Walt Disney 3-Year Chart

https://thewaltdisneycompany.com/investor-relations/

______________________________

“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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West Texas Intermediate 6-month daily chart

Intermediate downtrend defined by the 40-day moving average
WTI 6-Month Daily Chart

WTI 6-Month Daily Chart

Reference the last chart analysis for WTI.

______________________________

“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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