Tag Archives: candlestick chart

TSX candlestick chart analysis

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Struggling to break the resistance zone of 12,900
TSX candlestick chart showing the index struggling to break the resistance zone of 12,900.

TSX Weekly Chart

Reference the last chart analysis for the TSX Index: same old consolidation zone.

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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.

Technical Analysis: TSX weekly candlestick chart

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Near-term uptrend for TSX with major resistance at 12,900
Near-term uptrend for the TSX Index with major resistance around 12,900

TSX Index Weekly Chart courtesy of StockCharts.com

The magic number is the March, 2013 high of 12,904. There is a high probability for a test of the 12,900 major resistance zone.

Reference the last chart analysis for the TSX Index.

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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.

Precision Drilling chart analysis

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Breakout for Precision Drilling on the weekly chart
Breakout for Precision Drilling on the weekly candlestick chart. Volume and RSI are confirming the intermediate uptrend.

Precision Drilling Weekly Chart courtesy of StockCharts.com

Breakout for Precision Drilling on the weekly candlestick chart. Volume and RSI are confirming the intermediate uptrend.

Reference the last chart analysis for Precision Drilling.

Reference the last chart analysis for the TSX Index.

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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.

© 2013 TradeOnline.ca

Copper candlestick chart analysis

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Dr. Copper still has a negative prognosis for the world economy
Copper three year weekly chart showing the major support level of $3.00.

Copper 3 Year Weekly Chart courtesy of StockCharts.com

Nothing has changed since I last analyzed copper on June 22, 2013. The major trend is down. The intermediate trend is down. And copper is trading below the 50 day and 200 day moving averages.

What implication does this have for the TSX Index?  The TSX index is currently in a near-term uptrend but there is no way it will break major resistance of 12,900 unless there is an upward movement in copper.

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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.

U.S. 10 Year Treasury Note Yield Chart

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Breakout above resistance of 2.40% with a tall bullish candlestick
Weekly candlestick chart of the U.S. 10 Year Treasury Note Yield showing a breakout above major resistance of 2.40% on a bullish shaven head and bottom candlestick.

U.S. 10 year Treasury Note Yield weekly chart courtesy of StockCharts.com

Reference the last chart analysis for the U.S. 10 Year treasury Note Yield.

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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.

Copper chart analysis

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What is Dr. Copper’s prognosis for the world economy?
Chart analysis for copper based on the weekly chart analysis showing the intermediate and near-term downtrend. The 200 day and 50 day moving averages are identified on the chart. The RSI is confirming the intermediate downtrend. Copper is trading below both moving averages. Major support is at $3.00. Dr. Copper has a tepid prognosis for the world economy.

Copper Weekly Chart courtesy of StockCharts.com

Chart analysis for copper based on the weekly chart showing the intermediate and near-term downtrend. The 200 day and 50 day moving averages are identified on the chart. The RSI is confirming the intermediate downtrend. Copper is trading below both moving averages. Major support is at $3.00.

Dr. Copper has a tepid prognosis for the world economy which does not bode well for the TSX Index.

Reference the last chart analysis for copper.

Reference the last chart analysis for the TSX Index which is positively correlated with copper.

Reference my chart analysis for copper which showed the correlation between copper and the TSX.

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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.

Should you invest in the TSX?

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TSX Index could not hold the old trading range
TSX Index daily candlestick chart showing the near-term downtrend. A shooting star candlestick is identified on the chart.

TSX Index Daily Chart courtesy of StockCharts.com

The TSX Index could not hold support of 12,600 in the old lateral trading range. Will the near-term downtrend stop at the support level of 12,300? If not, the TSX will move down to the support level of 12,000.

Should you invest in the TSX? The above chart is your answer. Now take a look at another chart.

Reference the last chart analysis for the TSX Index.

Relevant articles picked from the Web:

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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.

© 2013 TradeOnline.ca

TSX Index chart showing resistance at 12,900

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TSX Index has moved into the old lateral trading range
TSX Index chart analysis showing the near-term uptrend and resistance at 12,900 with support at 12,600.

TSX Index Candlestick Chart

TSX Index chart analysis showing the near-term uptrend and resistance at 12,900 with support at 12,600. The most important points from this chart are the old lateral trading range and the major resistance level of 12,900. Can the TSX break 12,900 before the S&P 500 corrects? There was a feeble attempt on May 22 represented by the shooting star candlestick and a bounce off support the next day. Overall, the TSX index has a weak technical profile.

Reference the last chart analysis for the TSX Index.

______________________________

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.

© 2013 TradeOnline.ca