Tag Archives: candlestick chart

Breakout for gold above 1260

Leave a reply

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

______________________________

“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

West Texas Intermediate finds support around $47

Leave a reply

WTI closed above the 200-day moving average today

WTIC finds support around $47

WTIC Daily Candlestick Chart

Reference the last chart analysis for WTI.

______________________________

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

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.

© 2017 TradeOnline.ca

Have a great trading day. Any questions? Email [email protected]

Positive SSL on a transparent background

DJIA finds support near the 50-day average

Leave a reply

Major trend is up, intermediate trend is up and the near-term trend is down

DOW finds support near the 50-day average

Dow Jones Industrial Average Chart

This is a list of the components of the DJIA.

______________________________

“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 stock or index.

© 2017 TradeOnline.ca

 

TSX Index closes below the 15,400 support level

Leave a reply

The TSX Index is trading below the 20-day simple moving average and the 50-day simple moving average. On the plus side, it is still above the 200-day moving average. The major trend is up, the intermediate trend is up and the near-term trend is down. RSI is trading below 50 and MACD has crossed the center line. In summary, the near-term picture is negative and I will monitor the chart closely for any further breakdown. The oil sector is the major drag for the TSX Index but financials will incur selling pressure if the oil stocks continue to selloff.

Chart showing the break below the support level of 15,400 for the TSX Index.

TSX Index Daily Chart

Reference my last chart analysis for the TSX Index.

______________________________

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

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.

© 2017 TradeOnline.ca

Have a great trading day. Any questions? Email [email protected]

Positive SSL on a transparent background

Near-term downtrend for gold

Leave a reply

The major trend is down for gold, the intermediate trend is up and the the near-term trend is down. Support points are highlighted on the daily chart. A major geopolitical event would change this picture in a heartbeat.

Near-term downtrend for gold.

Gold Daily Chart

______________________________

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

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.

© 2017 TradeOnline.ca

Have a great trading day. Any questions? Email [email protected]

Positive SSL on a transparent background

Biotech sector (IBB) poised for a breakout

Leave a reply

Biotechnology ETF (IBB) Weekly Chart

https://www.ishares.com/us/products/239699/ishares-nasdaq-biotechnology-etf

______________________________

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

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.

© 2017 TradeOnline.ca

Have a great trading day. Any questions? Email [email protected]

Positive SSL on a transparent background

Apple (AAPL) weekly chart

Leave a reply

Intermediate uptrend as we approach the 10th anniversary for iPhone

Apple weekly chart showing the intermediate uptrend.

Apple (AAPL) Weekly Chart

On January 9, 2007, Steve Jobs announced the iPhone at the Macworld convention, receiving substantial media attention. Jobs announced that the first iPhone would be released later that year. On June 29, 2007, the first iPhone was released.

http://investor.apple.com/financials.cfm

______________________________

“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 stock or index.

© 2017 TradeOnline.ca

TSX Index at a new record high

Leave a reply
TSX Index at a new record high

TSX Index Weekly chart

Reference the last chart analysis for the TSX Index.

______________________________

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

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.

© 2017 TradeOnline.ca

I hope you enjoyed the post. Have a great trading day. Any questions? Email to [email protected]

Positive SSL on a transparent background