Tag Archives: candlestick chart

Technical Analysis: U.S. Treasury 10-Year Note

Near-term trend is down with support at 1.80%
The near-term trend is down for the U.S. Treasury 10-Year Note and the intermediate trend is sideways.

U.S. Treasury 10-Year Note Weekly Chart

This is a key indicator that I monitor daily.

Reference the last chart analysis for the U.S. Treasury 10-Year Note.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Encana (ECA:TSX) candlestick chart analysis

Positive reaction to earnings release for Encana
Encana candlestick chart showing the positive reaction to the earnings release and the upward movement in natural gas pricing.

Encana (ECA:TSX) Daily Candlestick Chart

The reaction of the stock price to a news event, which includes earnings releases, is all that counts. You take your cue from this market signal and trade accordingly.

The intermediate trend is sideways and the near-term trend is up. The key support and resistance levels are identified on the above chart. Technical analysis is all about evaluating the probabilities and there is a high probability that Encana has found a bottom around $17.50. A confirmed break above the $21.00 to $22.00 level would indicate an intermediate target price of $28.00. My definition of a confirmed break in this case would be $22.66 that holds for at least two days.

Encana, with $2.4-billion (U.S.) in cash on its balance sheet today, aims to increase that number to $3-billion by year’s end.

Reference the Encana website to review the fundamental data for the company.

Reference my last chart analysis for Encana on March 18, 2011.

Relevant article picked from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

TSX Index candlestick chart analysis

TSX must hold 12,000 or will test 11,500
Negative technical profile for the TSX Index.  If the TSX cannot hold 12,000; it it will test 11,500.

TSX Index Weekly Chart

What more can I say to describe the above chart: the TSX Index has a negative technical profile. It is the worst performing index outside of France. Yes, it has been a real dog last year and so far this year.

Reference the last chart analysis for the TSX Index.

Relevant articles picked from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

AvenEx Energy (AVF:TSX) chart analysis: The sell-off

AvenEx Energy: BNN Market Call Top Pick on January 3, 2012
Chart analysis of AvenEx Energy which was a BNN Market Call Top Pick on January 3, 2012.

AvenEx Energy Six Month Candlestick Chart

On January 3, 2012; Bruce Campbell, President, Campbell & Lee Investment Management was a guest on BNN Market Call Tonight and one of his top picks was AvenEx Energy (AVF TSX). The following is his reason for recommending the stock: “Bought in Dec. at $5.17. A junior energy producer in western Canada, which is underfollowed and therefore trades at an 11 percent yield, and yet has a low payout of cash flow.”

View the insider trading activity for AvenEx Energy. No insiders were buying: they were all selling.

Reference the website for AvenEx Energy to review the fundamental data for the company and the announcement of the dividend cut.

The stock is now in the penalty box. There are better energy stocks to consider for your current investments.

Stockchase — What the experts are saying!

Update For December 21, 2012: Pace Oil & Gas, AvenEx Energy and Charger Energy to Combine and Form Intermediate Dividend Paying Corporation.

View the market reaction on the charts. That is all that counts.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Technical Analysis: U.S. Treasury 10-Year Note

Failed to break major resistance at 2.40%
U.S. Treasury 10-Year Note showing support and resistance levels.

U.S. Treasury 10-Year Note

I last charted the U.S. 10-Year Treasury on March 16, 2012 when it broke the resistance level of 2.10% on the weekly chart. The new support level is now 2.10%. Over the last two weeks it has been unable to break the major resistance level of 2.40%. You have these two key points to set your alerts.

Relevant articles picked from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Precision Drilling (PD:TSX) chart analysis

Can Precision Drilling hold the $9.50 support level?
Candlestick chart analysis for Precision Drilling as it prepares to test support at $9.50

Precision Drilling Daily Chart

Reference the last chart analysis for Precision drilling.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

VIX – CBOE Volatility Index – chart analysis

VIX is showing no fear: How about you?
VIX chart analysis showing the index at the bottom of the trading range.

VIX Candlestick Weekly Chart

The S&P500 Index is up 29% from the October, 2011 low and 22% from the November, 2011 retracement. When you trade stocks, you deal with probabilities. And there is an increased probability of a correction, in the range of a 50% retracement, after a 20% move in an index or a stock. You must give increased weight to any topping pattern on the charts. Yes, be a little bit cautious and maybe a little fearful. You can always count on two attributes of the market: fear and greed.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca