Tag Archives: candlestick charts

S&P 500 back above the 50-day moving average

The action is similar to the board game of Snakes and Ladders. Last week was a short snake and now we caught a short ladder. You have to worry about the big snakes. A 10 % snake needs a 20% ladder to get back to square one. There are a lot of snakes of various sizes prowling the markets. S&P 500 daily candlestick chart showing the move up above the 50-day simple moving average.

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Technical Analysis is about avoiding the snakes and catching the ladders
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.

© 2021 TradeOnline.ca InvestOnline.ca

Apple (AAPL) at major resistance around $130

Apple at major resistance around $130

Apple (AAPL) 3-Year Weekly Chart

CUPERTINO, California — January 31, 2017 — Apple today announced financial results for its fiscal 2017 first quarter ended December 31, 2016. The Company posted all-time record quarterly revenue of $78.4 billion and all-time record quarterly earnings per diluted share of $3.36. These results compare to revenue of $75.9 billion and earnings per diluted share of $3.28 in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

Apple will provide live streaming of its Q1 2017 financial results conference call beginning at 2:00 p.m. PST on January 31, 2017 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.

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

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“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]

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West Texas Intermediate testing support at $43

Near-term downtrend for crude and testing support at $43 which is near the 200 day moving average.

WTI Crude Daily Chart

Reference my last post on crude dated October 19, 2016: https://tradeonline.ca/2016/10/19/intermediate-near-term-uptrend-wti/

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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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Near-term downtrend for Canadian dollar

Canadian dollar breached support at $0.7550

Canadian Dollar Daily Chart

Canadian Dollar Daily Chart

Reference a past post for the Canadian dollar.

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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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Copper chart analysis

Near-term uptrend with resistance at $3.40

Cooper candlestick chart showing the near-term uptrend and resistance at $3.40

Copper Daily Chart courtesy of StockCharts.com

Reference the last chart analysis for 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.

© 2013 TradeOnline.ca

TSX Index candlestick chart analysis

Breakout above near-term lateral trading range

Breakout for the TSX Index above the lateral trading range.

TSX Index 6 Month Daily Chart

What are the important points from the above chart of the TSX Index?

  1. The TSX Index still has an overall negative technical profile.
  2. The major trend is sideways.
  3. The intermediate trend is down.
  4. The near-term trend is up.
  5. Trading below the 200 day simple moving average.
  6. A positive is the breakout above the lateral trading range.
  7. The new support level (was the last resistance level) is 11,800.
  8. If the TSX cannot hold above 11,800, we are back to the same old story.
  9. Resistance is now 12,000 which is near the 200 day simple moving average.
  10. Major resistance is 12,800.
  11. Volume is a secondary indicator.
  12. An increase in volume is necessary to maintain the near-term uptrend.
  13. OBV is a secondary indicator confirming the near-term uptrend.
  14. RSI is a secondary indicator confirming the near-term uptrend.
  15. Don’t forget to review a 5 year weekly chart for the TSX Index.

Reference the last chart analysis for the TSX Index posted on June 25, 2012 showing the lateral trading range.

You can review all the past charts 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

Technical Analysis: PotashCorp (POT:TSX)

Shooting star candlestick near the resistance zone

Shooting star candlestick for PotashCorp indicates a deadlock between the bulls and the bears.  Caution is advised.

PotashCorp 6 Month Chart Analysis

Shooting star candlestick indicates caution near the resistance zone: a deadlock between the bulls and the bears.

Reference the last chart analysis for PotashCorp posted on June 19, 2012 which identified the bullish shaven head candlestick at the start of the near-term uptrend.

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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

Thomson Reuters (TRI:TSX) candlestick chart analysis

Shooting star candlestick at resistance of $30.00

Thomson Reuters six month daily candlestick chart showing a shooting star candlestick as a reaction to the earnings release.

Thomson Reuters (TRI:TSX) Daily Chart

There was a positive reaction to the earnings release for Thomson Reuters as indicated by the gap and the close of $29.78. But the shooting star candlestick is a graphical representation of the selling pressure at the $30.00 resistance level. The stock opened at $29.75, rallied to $30.21 but closed at $29.78: practically unchanged from the open.

The trend is everything in technical analysis. The major trend is down for Thomson Reuters, the intermediate trend is sideways and the near-term trend is up.

A confirmed break (use the percentage and time filter) above resistance of $30.00 would indicate an intermediate target price of $33.00. If the stock cannot break resistance, it will continue to trade in the congestion zone with support around the $28.00 level.

Thomson Reuters Reports First-Quarter 2012 Results

We are all students of the market and it can be a harsh teacher. Enjoy your trading day.

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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